Mans purchases a put option for 50 005/IL (premium), which gives him the right (but no obligation to self currency at 50.145/TL. Assume that the spot rate is $0 148/TL Should he exercise the option or not? what is his profit (or loss)? An arvswers we wong O b. No, he should not exercise the option The loss. $0.005 Ones he should exercise the option. The profit 50 002 Yes, he should exercise the option. The loss = $0.002 None should not exercise the option. The loss 50.002