Question: PLEASE SHOW WORK You bought a USD/CAD put option with a strike price of $0.8125 last year for $0.015 premium. The current exchange rate is

PLEASE SHOW WORK

You bought a USD/CAD put option with a strike price of $0.8125 last year for $0.015 premium. The current exchange rate is $0.7735. What is your net profit if the contract size is $10 million?

PLEASE SHOW WORK

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