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You bought 9 6 , 0 0 0 put options with a strike of $ 1 . 8 5 0 0 / A$ for $

You bought 96,000 put options with a strike of $1.8500/ A$ for $0.1230. The current spot exchange rate is $1.7575/ A$. Immediate exercise of these options will generate a profit/loss of?
Group of answer choices
Negative profit, so exercise would not occur.
-19,860.48
None of the alternatives
-20,688.00
-2,928.00

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