Alice Duever purchased a put option on Australian dollar for US$0.0427 per unit. The strike price was US$0.83 and the spot rate at the time the Australian dollar option was exercised was US$0.763. Assume there are 10,000 units in an Australian dollar option contract. What was Alice’s net profit on the option?

Answer rating: 100% (QA)

Net profit per unit Strike Price Spot Price Op... View the full answer