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Costco buys a put option on yen with a strike price of 107 yen/dollar. Which interbank spot rate maximizes their profit if they choose to

Costco buys a put option on yen with a strike price of 107 yen/dollar. Which interbank spot rate maximizes their profit if they choose to exercise the option before maturity?

  • 110 yen/dollar

  • 105 yen/dollar

  • 115 yen/dollar i think, not sure

  • 100 yen/dollar

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