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Question 6 (3.33 points) You are a speculator who sells a put option on Canadian dollars for a premium of $.05 per unit, with an

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Question 6 (3.33 points) You are a speculator who sells a put option on Canadian dollars for a premium of $.05 per unit, with an exercise price of $.67. The option will not be exercised until the expiration date, if at all. If the spot rate of the Canadian dollar is $.65 on the expiration date, your net profit per unit is: 0-$0.05. -$0.02. +$0.02 +$0.05. +$0,03. Question 7 (3,33 points) Kent just came back from New Zealand, where the New Zealand dollar(NZS) was worth $0.78. Kent still has NZ$900 from his trip and could exchange them for dollars at the airport, but the airport foreign exchange desk will only buy them for $.75 per New Zealand dollar. Next week, Kent will be going to Mexico and will need pesos. The airport foreign exchange desk will sell Kent pesos for $.09 per peso. Kent met a tourist at the airport who is from Mexico and is on his way to New Zealand. The tourist is willing to buy Kent's NZ$900 for 7,400 pesos. How many pesos will Kent get if Kent chooses to make the exchange using airport foreign exchange desk? 7,500.00 6,900.00 7,800.00 7.400.00

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