USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

-Refer to Exhibit 16.1. If the spot rate at expiration is $0.85 and the put option was purchased, what is the dollar gain or loss?
A) $340 loss
B) $125 gain
C) $750 gain
D) $750 loss
E) $200 loss

Question

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
 
-Refer to Exhibit 16.1. If the spot rate at expiration is $0.85 and the put option was purchased, what is the dollar gain or loss?
A) $340 loss 
B) $125 gain 
C) $750 gain 
D) $750 loss 
E) $200 loss

Quizplus · Accepted Answer

The Answer of USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
 
-Refer to Exhibit 16.1. If the spot rate at expiration is $0.85 and the put option was purchased, what is the dollar gain or loss?
A) $340 loss 
B) $125 gain 
C) $750 gain 
D) $750 loss 
E) $200 loss