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suppose now that IFE does not exist and you choose to write put options. at what 1-year USD/CAD spot rate would you just break even

suppose now that IFE does not exist and you choose to write put options. at what 1-year USD/CAD spot rate would you just break even if you are speculating

Premium USD .01 Current Spot Rate USD .805
Exercise Price USD .82 US interest Rate 3.5
Coverage CAD 1 million Canadidan Interest rate 4.0

IFE= International Fisher Effect

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