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(20}{0 0 TIC1 Time Left:0:50:55 Yuhang Bai: Attempt 1 Next Page: Page 4 of 20 Question 4 (1 point) Assume that an English speculator purchased

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(20}{0 0 T\IC1 Time Left:0:50:55 Yuhang Bai: Attempt 1 Next Page: Page 4 of 20 Question 4 (1 point) Assume that an English speculator purchased a call option on SK for 0.06 per unit. The strike price was 0.48/SK. The spot rate at the time he bought the option was 0.53/SK. The spot rate at the expiration was 0.57/SK. Assume there are 150,000 units in a Swedish Krona option. What was the net profit (loss) on this option to the speculator? OA) 4,500 OB) None of them OC) SK 3,000 D) -3,000 E) -9,000 Page 4 of

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