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D You sold a put option on Swiss Francs for $.03 per unit. The strike price was $.78, and the spot rate at the time
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You sold a put option on Swiss Francs for $.03 per unit. The strike price was $.78, and the spot rate at the time when the option was expiring was $.73. Assume you immediately sold off the Swiss Francs received if the option was exercised. Also assume that there are 10,000 units in a Swiss Franc option. Your net profit/loss (negative number means a loss) on the option was dollars. 0-200 200 O 300 0-300 100 0-100Step by Step Solution
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