You buy a call option on Australian dollar (A$) for a premium of $.03 per unit, with an exercise price of $0.64; the opt

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answerhappygod
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You buy a call option on Australian dollar (A$) for a premium of $.03 per unit, with an exercise price of $0.64; the opt

Post by answerhappygod »

You buy a call option on Australian dollar (A$) for a premium of
$.03 per unit, with an exercise price of $0.64; the option is a
European currency option. If the spot rate on the expiration date
is $0.66, your net profit per one A$ is:
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