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6- A put option on Canadian dollars with a strike price of Euro 63 is purchased by a speculator for a premium of Euro 0

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6- A put option on Canadian dollars with a strike price of Euro 63 is purchased by a speculator for a premium of Euro 0.05. If the Canadian dollar's spot rate is $.64 on the expiration date: Should the speculator exercise the option on this date or let the option expire? If yes, show via calculations the final outcome. 15 points