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

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Definitions:

Desmosomes

Cell structures specialized for cell-to-cell adhesion, critical in maintaining the structural integrity of tissues.

Tight Junction

A specialized connection between two adjacent cells forming a barrier that regulates the passage of substances in the intercellular space.

Intercalated Disc

Unique links among heart muscle cells that enable the heart to contract in unison.

Gap Junction

Specialized intercellular connections between a multitude of animal cell-types that directly connect the cytoplasm of two cells, allowing various molecules, ions, and electrical impulses to directly pass through a regulated gate between cells.