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One year ago, you sold a put option on 100,000 euros with an expiration date of one year. You received a premium on the put

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One year ago, you sold a put option on 100,000 euros with an expiration date of one year. You received a premium on the put option of $.05 per unit. The exercise price was $1.24. Assume that one year ago, the spot rate of the euro was $1.20. From one year ago to today, the euro depreciated against the dollar by 10 percent. Today the put option will be exercised (if it is feasible for the buyer to do so). The total dollar amount of your profit or loss is $ __(negative number indicates a loss). 10000 -10000 13000 - 12000 - 13000 12000 - 11000 -14000 11000 14000 15000 0 -15000

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