A Put Option on Japanese Yen Is Written with a Strike

question 28

Multiple Choice

A put option on Japanese yen is written with a strike price of ¥95.00/$.Which spot exchange rate will maximize your profit if you choose to exercise the option?

• A) ¥85.00/$
• B) ¥90.00/$
• C) ¥100.00/$
• D) ¥115.00/$

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