Exhibit 13-7
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 26

Multiple Choice

Exhibit 13-7
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S) $\begin{array}{|l|l|l|c|}\hline \text { Option Type } & & \text { Currency } & {\text { Canadian dollar }} \\\hline \begin{array}{l}\text { Contract } \\\text { Size }\end{array} & & 50000 &{\text { Canadian dollars }} \\\hline \text { Expiry } & & \text { April } & \mid\\\hline & & &\mid \\\hline \text { Strike } & \text { Call } & \text { Put } & \mid \\\hline \$ 0.815 & \$ 0.0118 & &\mid \\\hline \$ 0.820 & & \$ 0.0068 & \mid\\\hline\end{array}$
-Refer to Exhibit 13-7. 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:

Applying and Removing

The procedures or techniques for putting on and taking off items or substances, often referring to medical dressings, bandages, or protective gear.

Speak Up® Campaign

An initiative that encourages patients and their families to take an active role in their healthcare by asking questions, understanding their rights, and speaking up if they have concerns or do not understand something.

Healthcare Team

A group of multidisciplinary professionals who work collaboratively to provide comprehensive healthcare services to patients or clients.

Healthcare Errors

Mistakes made in the healthcare setting that can result in harm to patients, ranging from medication errors to misdiagnosis.