You purchase a put option on Swiss francs for a premium of $.02, with an exercise price of $.61. The option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $.58, your net profit per unit is:
A) -$.03.
B) -$.02.
C) -$.01.
D) $.02.
E) none of the above

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The Answer of You purchase a put option on Swiss francs for a premium of $.02, with an exercise price of $.61. The option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $.58, your net profit per unit is:
A) -$.03.
B) -$.02.
C) -$.01.
D) $.02.
E) none of the above

You Purchase a Put Option on Swiss Francs for a Premium