Exhibit 22 -Refer to Exhibit 22

question 60

Multiple Choice

Exhibit 22.1
Use the Information Below for the Following Problem(S)
$\begin{array}{|l|c|l|l|l|}\hline \text { Option Type } & & \text { Currency } &{\text { Canadian dollar }} \\\hline \text { Contract Size } & & 50000 & {\text { Canadian dollars }} \\\hline \text { Expiry } & & \text { April } & & \\\hline & & & & \\\hline \text { Strike } & \text { Call } & \text { Put } & & \\\hline \$ 0.815 & \$ 0.0118 & & & \\\hline \$ 0.820 & & \$ 0.0068 & & \\\hline\end{array}$
-Refer to Exhibit 22.1.If the spot rate at expiration is $0.85 and the put option was purchased,what is the dollar gain or loss?

• A) $340 loss
• B) $125 gain
• C) $750 gain
• D) $750 loss
• E) $200 loss

---

Definitions:

Intestate

The condition of dying without having made a legal will, leading to assets being distributed according to state laws.

Durable Power

Refers to a durable power of attorney, a legal document that grants someone the authority to act on another's behalf, even if the grantor becomes incapacitated.

Medical Decisions

The process of making choices related to health care by patients, often involving considerations of various treatment options.

Executed

A term applied to a contract whose terms have all been fully performed.