Questions 8-11 are based on the following information: Assu…
Questions 8-11 are based on the following information: Assume the six-month European put option has a striking price of $1.05/CAD. Assume the option premium is $0.03/CAD. If at the due date, the value of the Canadian dollar has risen to $1.10, the option is ______________. The net profit/loss of the buyer of the option is _______.