Find the value of a put option on 10,000 with a strike price of 1.5000/ which matures in one period. The current exchange rate is 1.5000/ and in the next period the exchange rate can increase to 2.4000/ or decrease to 0.9375/. The current one-period interest rates are i = 3% and are i = 4%.

Group of answer choices

None of the other answers 3,382

2,027

2,047

no explanation needed

3,415