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Urgent Help. Samuel Samosir works for Peregrine Investments in Jakarta, Indonesia. He focuses his time and attention on the U.S. dollar/Singapore dollar ($/S$) cross-rate. The

Urgent Help.

image text in transcribed Samuel Samosir works for Peregrine Investments in Jakarta, Indonesia. He focuses his time and attention on the U.S. dollar/Singapore dollar ($/S$) cross-rate. The current spot rate is $1.39/S$. After considerable study, he has concluded that the Singapore dollar will appreciate versus the U.S. dollar in the coming 90 days, probably to about $1.44/S$. He is considering trading options to profit and has the following options on the Singapore dollar to choose from: Option choices on the Singapore dollar: Strike price (US\$/Singapore dollar) Premium (US\$/Singapore dollar) Call on S\$ $1.35 $0.047 Put on S\$ $1.331 $0.006 Samuel decides to sell one put option in Singapore dollars. What will be Samuel's profit/loss if the ending spot rate is $1.377/S$ in 90 days? Keep all decimal places. Please type in the number without the currency signs. For example, if your answer is $1.25/S$, then type in 1.25 as your final

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