Answer :
Answer:
Whether the buyer will exercise the option depends on the market conditions and the buyer's strategy. If the spot price at maturity is $70 and the exercise price is $60, the buyer has the right to buy the asset for $60, which is cheaper than the market price. In this case, it's likely the buyer will exercise the option to buy the asset at the lower price and then potentially sell it at the higher market price, earning a profit.
