3. Samuel Samosir works for Peregrine Investments in Jakarta, Indonesia. He focuses his time and attention on the U.S. d

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3 Samuel Samosir Works For Peregrine Investments In Jakarta Indonesia He Focuses His Time And Attention On The U S D 1 (62.22 KiB) Viewed 9 times

3. Samuel Samosir works for Peregrine Investments in Jakarta, Indonesia. He focuses his time and attention on the U.S. dollar/Singapore dollar ($/S$) cross-rate. The current spot rate is $1.39/S$. After considerable study, he has concluded that the Singapore dollar will appreciate versus the U.S. dollar in the coming 90 days, probably to about $1.44/S$. He is considering trading options to profit and has the following options on the Singapore dollar to choose from: Option choices on the Singapore dollar: Call on S$ Put on S$ Strike price (US$/Singapore dollar) $1.37 Premium (US$/Singapore dollar) $0.006 $1.35 $0.047 Samuel decides to sell put options on Singapore dollars. What is Samuel's (net) profit/loss (in dollar) if the spot rate is $1.45/S$ at maturity? Keep the sign and all decimal numbers. Please just type in the number without the currency signs. For example, if your answer is $1.25/S$, then type in 1.25 as your final answer. Answer: X