You purchase a put option on pounds for a premium of 03 per, Ask an Expert

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You purchase a put option on pounds for a premium of $.03 per unit, with an exercise price of $1.64; the option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $1.65, your net profit/loss (loss indicated by a negative sign) per unit is:

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