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Selling Currency Put Option s Brian Tull sold a put option on Canadian dollars for $.02 per unit. The strike price was $.78, and the

Selling Currency Put Options Brian Tull sold a put option on Canadian dollars for $.02 per unit. The strike price was $.78, and the spot rate at the time the option was exercised was $.75. Assume Brian immediately sold off the Canadian dollars received when the option was exercised. Also assume that there are 50,000 units in a Canadian dollar option. What was Brians net profit on the put option?

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