Bulldog, Inc., has sold Australian dollar put options at

a premium of $.01 per unit, and an exercise price of $.75 per unit. It has forecasted the Australian

dollar's lowest level over the period of concern as shown in the following table. Determine the net

profit (or loss) per unit to Bulldog, Inc., if each level occurs and the put options are exercised at

that time.

possible value of australian dollar net profit (loss) to bulldog,inc. if value occurs

$.69

.71

.73

.75

.77

.79