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Question 16 2 pts A currency trader who writes a put option with a strike price of $0.05/MXN at an option premium of $0.0002 per

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Question 16 2 pts A currency trader who writes a put option with a strike price of $0.05/MXN at an option premium of $0.0002 per Mexican Peso (MXN), and an expiration date of 10 days from today. The option is for MXN10 million. What is the gain or loss to the trader on expiration of the option if the spot rate at maturity is $0.23/MXN? O $270,000 loss O $268,000 gain $268,000 loss O $270,000 gain

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