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3. You buy a call option on the for $.027/. The option contract size is 1,000,000. The exercise price is $1.2150/. When the option matures,

3. You buy a call option on the for $.027/. The option contract size is 1,000,000. The exercise price is $1.2150/. When the option matures, the spot rate is $1.2485/. What is your overall (be sure to account for the option premium paid) total profit/loss on the option?

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