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The current spot exchange rate is $0.0893 / P. Consider an American put option on P 475,000.00 with a strike price of $0.0950 /P.Immediate exercise

The current spot exchange rate is $0.0893 / P. Consider an American put option on P 475,000.00 with a strike price of $0.0950 /P.Immediate exercise of this option will generate a profit of

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