NOTE: This Question is 15 POINTS ALSO Be sure to put a () minus sign in your answer where appropriate Nike is expecting a payment of 20 mio in 6 months (they are long GBP, that is the underlying position). The Forward is : $1.1500/ Nike Purchases a 6 month Put /$ Call Struck at $1.1500/, for $.04/ If at Expiration, in 6 months, spot ends up at $1.000/E, then 1- what is the profit or loss on on the 20mio underlying position $ 2- what is the profit or loss of the option by itself (including the premium) $ and 3- what is the total profit or loss of the exposure $