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eBook Brian Tull sold a put option on Canadian dollars for $0.05 per unit. The strike price was $0.73, and the spot rate at
eBook Brian Tull sold a put option on Canadian dollars for $0.05 per unit. The strike price was $0.73, and the spot rate at the time the option was exercised was $0.64. Assume Brian immediately sold off the Canadian dollars received when the option was exercised. Also assume that there are 47,500 units in a Canadian dollar option. What was Brian's net profit on the put option? Use a minus sign to enter loss values, if any. If the answer is zero, enter "0". Round your answer to the nearest dollar. $
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