Question: Please show all work Mixed Quantitative Questions 4. (15 points) Manuelo, an American investor, purchases a 30-day put option for 125,000 AUD (Australian dollars) at

Please show all work Mixed Quantitative Questions 4. (15 points) Manuelo, an Please show all work

Mixed Quantitative Questions 4. (15 points) Manuelo, an American investor, purchases a 30-day put option for 125,000 AUD (Australian dollars) at a strike price of USD:AUDK = 1.4500. The premium for the option is 18 USD-cents per AUD. At expiration, USD:AUD = 1.324. What is Manuelo's overall profit or loss, in US dollars, from the position? (You may ignore interest rates, but you must show how you determined profit or loss)

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