with an exercise price of USD .89 per unit. Queen Co. will purchase the CAD just before it exercises the options (if it is feasible to exercise the options). It plans to wait until the expiration date before deciding whether to exercise the options. In the following table, ll in the net profit (or loss) per unit to Queen Co. based on the listed possible spot rates of the CAD on the expiration date. Possible St (USDICAD) Net Profit (Loss) per Unit on Expiration Date if Spot Rate Occurs .81 .86 .89 .92 .95 1.01