these are the other questions that go with question 5, if this helps?

5 You buy ONE 60 day PUT option to sell your Australian Dollars for $ 0.53 / A$. (This is the strike price in your option contract). The contract cost per unit = $ 0.008 to buy. TODAY = $0.55/ A$, If the exchange rate drops in 60 days to $ 0.52 / A$, what is the profit or loss on the put contract at expiration? 1 You can borrow 10 Million dollars at 6% annual interest, and invest it in Canadian Dollars earning 9 % annually. You plan to invest only for 12 days. In those 12 days, you see the current exchange rate at $0 .92/ C$ going to $ 0.91/C$. What is your gain or loss in US dollars. ? Be sure to tell me if it is a gain or a loss. 2 Why do most crises in countries cause the local currency to weaken abruptly? Is it because of trade flows or capital flows? Explain. Use the Currency Units per contract on Page 137. Ignore transaction cost. 3 You will receive 12,500,000 Japanese Yen in 3, months for a sale made today. You will use a futures contract. Do you go long or short? 4 If 110 yen = $ 1 US dollar today and the exchange rate changes after 3 months to 108 yen =$ 1 US Dollar, what is the profit or loss when you close out the position? 5 You buy ONE 60 day PUT option to sell your Australian Dollars for $ 0.53 / A$. (This is the strike price in your option contract). The contract cost per unit = $ 0.008 to buy. TODAY = $0.55/ A$, If the exchange rate drops in 60 days to $ 0.52 / A$, what is the profit or loss on the put contract at expiration