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(TCO D) You are a speculator who sells a put option on Canadian dollars for a premium of $0.03 per unit, with an exercise price
(TCO D) You are a speculator who sells a put option on Canadian dollars for a premium of $0.03 per unit, with an exercise price of $0.86. The option will not be exercised until the expiration date, if at all. If the spot rate of the Canadian dollar is $0.78 on the expiration date, your net profit per unit is
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