This question is related to foreign exchange.

Question 9 1 pts Questions 8-11 are based on the following information: Assume the six-month European put option has a striking price of $1.05/CAD. Assume the option premium is $0.03/CAD If at the due date, the value of the Canadian dollar has risen to $1.10, the option is option is The net profit/loss of the buyer of the o in the money; $0.05/CAD O in the money; $0.02/CAD out of the money; $-0.08/CAD e out of the money; $-0.03/CAD