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Put options on CAD with a strike price of AUD1.22/CAD are currently trading at a premium of AUD3.4/CAD. What net profit can you make if

Put options on CAD with a strike price of AUD1.22/CAD are currently trading at a premium of AUD3.4/CAD. What net profit can you make if you buy 3 put option contracts today and sell them again in 30 days for AUD7.8/CAD? Assume the option contracts have a size of CAD37000 and a brokerage fee of AUD15.5 is payable on each purchase or sale of a contract. Select one: a. 488214.00 b. 488307.00 c. 488353.50 d. 488400.00 e. 162769.00

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