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You are looking at a put option on the pound in which the underlying (i.e. the...

You are looking at a put option on the pound in which the underlying (i.e. the pound) is at $1.218 per pound at expiration, the options are on 10,000 pounds, the exercise price is $1.105 per pound, and the option premium was $0.02 per pound when the option was purchased. What is the profit at expiration of this option for the option holder?

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jeff jeffy answered 2 years ago
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