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please help me solve this correctly and show me the steps and what formula you used. please take your time solving it I really don't

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please help me solve this correctly and show me the steps and what formula you used. please take your time solving it I really don't want a wrong answer. thanks!

Costco buys a Euro put option (contract size: 125,000) at a premium of $0.13/. The exercise price is $1.18/: If the spot at expiration is $1.08/, what is the Costco's profit? $3,750 loss O $16,250 loss O $12,500 loss $28,750 loss

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