Put options place a _____________ on what currency proceeds may be received and call options place a _____________ to what currency proceeds will cost?   Group of answer choices ceiling (high limit), floor (low limit) floor (low limit), ceiling (high limit)

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter5: Currency Derivatives
Section: Chapter Questions
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Put options place a _____________ on what currency proceeds may be received and call options place a _____________ to what currency proceeds will cost?  
Group of answer choices
ceiling (high limit), floor (low limit)
floor (low limit), ceiling (high limit)
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