From the perspective of the writer (seller) of a put option written on £31.250. If the strike price is $1.60/f, and the option premium is $1,250, at what exchange rate do you break even? O $1.64/£ O $1.54/£ O $1.60/€ O $1.56/

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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From the perspective of the writer (seller) of a put option written on
£31.250. If the strike price is $1.60/f, and the option premium is
$1,250, at what exchange rate do you break even?
O $1.64/£
O $1.54/£
O $1.60/€
O $1.56/

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