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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?
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110 yen/dollar
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105 yen/dollar
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115 yen/dollar i think, not sure
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100 yen/dollar
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