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

question 93

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 $0.75 and the put option was purchased, what is the dollar gain or loss?

• A) $0
• B) $200 loss
• C) $200 gain
• D) $3160 gain
• E) $1187 loss

---

Definitions:

Cross-Cultural Relationships

Interactions or associations between individuals from different cultural backgrounds.

Traditional Culture

A set of practices, beliefs, and objects passed down within a community, which form the basis of its heritage and identity.

Assimilation

The process through which individuals or groups adopt the culture, customs, and norms of a dominant or host society, losing their original identity.

Bicultural

Identifying with or assimilating the cultural traits and values of two distinct cultures, and often navigating between them.