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Question 1. Marcus purchased a put option on euros for $0.04 per euro. The strike price was $1.05 and the spot rate at the time the euro option Marcus had to decide whether to exercise was $0.95. Assume there are 5,000 units in the euro option. What was Marcus' net profit on the put option?
Question 2. Marcus purchased a call option on euros for $0.05 per euro. The strike price was $0.65 and the spot rate at the time the euro option Marcus had to decide whether to exercise was $0.69. Assume there are 4,000 units in the euro option. What was Marcus' net profit on the call option?
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