Question: please help me solve this correctly and show me the steps and what formula you used. please take your time solving it I really don't

please help me solve this correctly and show me the steps

please help me solve this correctly and show me the steps and what formula you used. please take your time solving it I really don't want a wrong answer. thanks!

Costco buys a Euro put option (contract size: 125,000) at a premium of $0.13/. The exercise price is $1.18/: If the spot at expiration is $1.08/, what is the Costco's profit? $3,750 loss O $16,250 loss O $12,500 loss $28,750 loss

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