13 and 14

QUESTION 13 You bought a March 21 call option on euro contract size 5125,000) with the strike price of $1.3050 to profit from a euro rate change. You paid 50.015 in premium and exercised the option when the spot rate is $1.3250, ignoring the interest on premium, your profit/loss is 51875 08.31250 0.51875 0.5625 QUESTION 14 You own a Dec 20 put option on Australian dollar with the strike price of 50.7680 for which you paid a premium 50.015. The contract size is AS100,000. The Australian dollar is currently trading at 50.7700 noring the interest cost, the profit loss from exercising the option now: 51500 -51509 -52000