Question: The current spot exchange rate is $ 1 . 2 7 = 1 . 0 0 and the three - month forward rate is $
The current spot exchange rate is $ and the threemonth forward rate is $ Consider a threemonth American put option on with a strike price of $ Immediate exercise of this option will generate a payoff of
A gain of $
A galn of $
A gain of $
No ghin wail occur
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