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4. Citigroup sells a call option on euros with strike price of $1.33 (contract size is 500,000) at a premium of $0.02 per euro. If

4. Citigroup sells a call option on euros with strike price of $1.33 (contract size is 500,000) at a premium of $0.02 per euro. If the spot price of the euro at expiration is $1.35, what is Citigroups profit (loss) on the call option?

5. Graph the sellers profit or loss for the call option described in #4 (identify axis). What is the break-even spot exchange rate?

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