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Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Option Type Canadian dollar Contract Size Currency 50,000 April Canadian dollars Expiry Strike Call Put

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Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Option Type Canadian dollar Contract Size Currency 50,000 April Canadian dollars Expiry Strike Call Put $0.815 $0.0118 $0.820 $0.0068 Refer to Exhibit 16.1. If the spot rate at expiration is $0.75 and the put option was purchased, what is the dollar gain or loss? a. $3,160 gain b. $200 loss c. $0 O O O O d. $200 gain e. $1,187 loss

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