One year ago, you bought a put option on 200,000 euros with an
expiration date of one year. You paid a premium on the put option
of $.05 per unit. The exercise price was $1.32. Assume that one
year ago, the spot rate of the euro was $1.29, the one-year forward
rate exhibited a discount of 3%, and the one-year futures price was
the same as the one-year forward rate. From one year ago to today,
the euro depreciated against...