Speculating with Currency Put Options.

Auburn Co. has purchased Canadian dollar PUT OPTIONS for speculative purposes. Each option was purchased for a premium of $.02per unit, with an exercise price of $.86per unit. Auburn Co. will purchase the Canadian dollars just before it exercises the options (if it is feasible to exercise the options). It plans to wait until the expiration date before deciding whether to exercise the options. In the following table, fill in the net profit (or loss) per unit to Auburn Co. based on the listed possible spot rates of the Canadian dollar on the expiration date. (Please Show ALL computation steps)

Possible Spot Rate Net Profit (Loss) per Unit of Canadian Dollar to Auburn Corporation if on Expiration Date Spot Rate Occurs

$.76 0.79 0.84 0.87 0.89 0.91