Question: Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Refer to Exhibit 16.1. If the spot rate at expiration is $0.85 and the put

Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Refer

Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM 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. $750 loss b. $340 loss c. $750 gain d. $125 gain e. $200 loss

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