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5. Selling Currency Call Options Mike Suerth sold a call option on Canadian dollars for $.02 per unit. The strike price was $.69, and the

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5. Selling Currency Call Options Mike Suerth sold a call option on Canadian dollars for $.02 per unit. The strike price was $.69, and the spot rate at the time the option was exercised was $.67. Assume Mike did not obtain Canadian dollars until the option was exercised. Also assume that there are 50,000 units in a Canadian dollar option. What was Mike's net profit on the call option? ( 1 point) 0.670.69+0.02

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