Question
Kevin purchased a put option on Yen for $0.006 per unit. The strike price was $0.152 and the spot rate at the time the option
Kevin purchased a put option on Yen for $0.006 per unit. The strike price was $0.152 and the spot rate at the time the option expired was $0.115. Each Yen option has 20,000 units. Would Kevin exercise this option or not? What was Kevin' net profit on the option?
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
