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Suppose that you are a speculator that anticipates a depreciation of the Singapore dollar ($$). You purchase a put option contract on Singapore. dollars. Each

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Suppose that you are a speculator that anticipates a depreciation of the Singapore dollar (\$\$). You purchase a put option contract on Singapore. dollars. Each contract represents $40,000, with a strike price of $0.69 and an option premium of $0.03 per unit. Suppose that the spot price of the Singapore dollar is $0.65 just before the expiration of the put option contract. At this time, you exercise the option, while also purchasing $40,000 in the spot market at the current spot rate. Assume the seller, after you exercise the put option, immediately sells the $40,000 on the spot market. Now consider this scenario from the perspective of the individual or firm that sold you the put option. Note: Assume there are no brokerage fees. Use the drop-down selections to fill in the following table from the sellers perspective

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