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ford buys a swiss franc put option (contract size: SF125,000) at a premium of $.01/SF. If the exercise price is $.21 and the spot at
ford buys a swiss franc put option (contract size: SF125,000) at a premium of $.01/SF. If the exercise price is $.21 and the spot at expiration is $.216, what is Ford's profit (loss)? What if the spot at expiration is $.206? What if the spot at expiration is $.198?
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