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You are a Singapore-based foreign exchange trader, and you observe a put option for (Australian dollars) A$125,000 with an exercise price of (Singapore dollars)

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You are a Singapore-based foreign exchange trader, and you observe a put option for (Australian dollars) A$125,000 with an exercise price of (Singapore dollars) S$0.57 and a premium of S$0.02. The spot rate at maturity is S$0.56. and the net profit to a rational purchaser This option is of this option is S$

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