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4) (4 pts) LSU Corp purchased Canadian dollar call options for speculative purposes. If these options are exercised, LSU will immediately sell the Canadian dollars

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4) (4 pts) LSU Corp purchased Canadian dollar call options for speculative purposes. If these options are exercised, LSU will immediately sell the Canadian dollars in the spot market. Each option was purchased for a premium of USS0.05 per unit, with an exercise price of USS 0.80/1CAD. LSU plans to wait until the expiration date before deciding whether to exercise the options. Of course, LSU will exercise the options at that time only if it is feasible to do so. Fill in the net profit (or loss) per unit to LSU Corp based on the listed possible spot rates (direct quote) of the Canadian dollar on the expiration date Possible spot rate of CAD on expiration date Net Profit (Loss) per unit USS0.70/1CAD USS0.73/1CAD USS0.78/1CAD USS0.82/1CAD USS0.86/1CAD USS0.90/1CAD

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