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3. The call premium per Canadian dollar on April 19 is $0.04, the expiration date is September 19, and the strike price is $0.80. Ken

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3. The call premium per Canadian dollar on April 19 is $0.04, the expiration date is September 19, and the strike price is $0.80. Ken Lee believes that the spot rate for the Canadian dollar will rise to $0.92 by September 19. If his expectations are correct, what is his profit from speculating three call options (total Can $150,000)

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