Help to answer CFA Level question

112. An investor notices that one Australian dollar is selling for $0.67 in U.S.

dollars. A put option on an Australian dollar with an exercise price of$0.75

is selling for $0.14. An investor takes a long position of one Australian

dollar and buys a protective put. What is the value of the strategy at

expiration and what is the profit if the price of one Australian dollar at

expiration is $0.70?

Value at expiration Protective put profit

A. $0.75 -$0.06

B. $0.75 $0.08

C. $0.61 $0.08

D. $0.61 -$0.06

Thanks in advance.

B. $0.75 $0.08

C. $0.61 $0.08

D. $0.61 -$0.06

Thanks in advance.