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Suppose that you are a speculator that anticipates a depreciation of the Singapore dollar (S$). 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 (S$). You purchase a put option contract on Singapore dollars. Each contract represents S$40,000, with a strike price of $0.68 and an option premium of $0.02 per unit. Suppose that the spot price of the Singapore dollar is $0.62 just before the expiration of the put option contract. At this time, you exercise the option, while also purchasing S$40,000 in the spot market at the current spot rate. Use the drop-down selections to fill in the following table from your (the buyer's) perspective to determine your net profit (on a per contract basis).(Note: Assume there are no brokerage fees.) Note: Assume there are no brokerage fees. Per Contract Per Unit $0.68 Transaction Selling Price of S$ - Purchase Price of S$ - Premium Paid for Option -$0.62 -$0.02 = Net Profit

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