10. Mingming Co. paid a premium of P15,000 for a call option on 10,000 units of a foreign currency at a strike price of P500 per unit. The subsequent market prices were P499 at the reporting date and P498 at exercise date. On expiration date, Mingming Co. recognizes a a. 20,000 gain. c. 10,000 gain. b. 5,000 loss. d. 10,000 loss