2. At some point in the past, you either bought or wrote an option. The option is near expiration and appears that it wi

[answerhappygod]

2. At some point in the past, you either bought or wrote an
option. The option is near expiration and appears that it will
expire in the money. If the option expires in the money, you are
obligated to buy a specified item at a specified price. In this
scenario, you are _____________________.
Question 2 options:
a. long a put option.
b. long a call option.
c. short a put option.
d. long a naked option
e. short a call option.
19. Suppose the exchange rate between U.S. dollars and Swiss
francs is SF 0.99 = $1.00, and the exchange rate between the U.S.
dollar and the euro is $1.00 = 1.61 euros. What is the
cross-rate of Swiss francs to euros? Show your answer to 2
decimal places.
Your Answer:
__________