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Use the following information to answer questions 3 2 to 3 5 John, a speculator based in Ontario, believes that the Canadian dollar will increase

Use the following information to answer questions 32 to 35
John, a speculator based in Ontario, believes that the Canadian dollar will increase in value against the U.S dollar in three months. The spot rate currently is $0.6750C$. He sees the following quotes for European options on Canadian dollars:
\table[[Option,Strike Price,Premium],[Put on C$,$0.7000,$0.00003S$
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