Question: Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Option Type Canadian dollar Contract Size Currency 50,000 April Canadian dollars Expiry Strike Call Put

Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Option

Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Option Type Canadian dollar Contract Size Currency 50,000 April Canadian dollars Expiry Strike Call Put $0.815 $0.0118 $0.820 $0.0068 Refer to Exhibit 16.1. If the spot rate at expiration is $0.75 and the put option was purchased, what is the dollar gain or loss? a. $3,160 gain b. $200 loss c. $0 O O O O d. $200 gain e. $1,187 loss

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