Which of the following provides an example of a firm in a red ocean? chique apparel offered clothing at a low price but failed to differentiate its product as being exclusive. cheap apparel offered clothing at a price matching that of its competitors and, as a result, it had lower profit margins. top drawer apparel offered clothing at a higher price than competitors and, as a result, failed to make a profit. goode apparel offered clothing at a mid-range price but failed to differentiate its product as being of decent quality.

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2