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2. You have a payment due in British pounds. Currently, the pound is trading at $1.55, but you want to hedge your risk by buying
2. You have a payment due in British pounds. Currently, the pound is trading at $1.55, but you want to hedge your risk by buying a call option with a strike price of $1.55. If the premium on the option is $.05 per pound. How high would the exchange rate have to go before the option become valuable
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