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Question 1 (3.33 points) Saved Denise, a speculator, purchases a put option on Sri Lankan Rupee (LKR) with a strike price (i.e., exercise price) of

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Question 1 (3.33 points) Saved Denise, a speculator, purchases a put option on Sri Lankan Rupee (LKR) with a strike price (i.e., exercise price) of $0.0029/LKR for $0.0007 per unit. A Sri Lankan Rupee option represents 3,625,000 units. At the time of the purchase, the spot rate of the Sri Lankan Rupee is $0.0030 and continually rises to $0.0033 by the expiration date. What is Denise's highest net profit possible based on the information above? (A similar question is discussed in the Chapter PPT slides.) O-$1,087.50. O +$1,087.50. -$2,537.50. +$2,537.50

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