What is the payout for option

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You purchased a put option with an underlying asset of CAD (Canadian dollars) 91,023 and a strike price of USD 1.04 per CAD. The option matures today, and the current spot exchange rate is USD 0.76 per CAD, Ignoring the option premium, what is the payout for this option? Please round your answer to the nearest US dollar.

Reference no: EM132818288

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