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Consider a put option written on 100,000. The strike price is $1.50 = 1.00 and the option premium is $0.02. At what exchange rate will

Consider a put option written on 100,000. The strike price is $1.50 = 1.00 and the option premium is $0.02. At what exchange rate will the buyer of this put option break even?

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$1.50 = 1.00

$1.48 = 1.00

$1.00 = .667

$1.52 = 1.00

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