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Suppose that you buy a put option contract on 5000 with an exercise price of $1.20/ for a premium of $0.04/. If on expiration the

Suppose that you buy a put option contract on 5000 with an exercise price of $1.20/ for a premium of $0.04/. If on expiration the spot exchange rate (ST) is $1.10/ What is the options holder (long put) payoff?

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