$9$

$1$ point

On October $1,2021,$ Eagle pays $$1,800$ for a three$-$month call option on $100,000$ pounds with a strike price of $$2,00$ per pound. On December $31,2021,$ the option has a fair value of $$1,600.$

On December $31,2021,$ Eagle will report foreign Currency Option as an asset valued at and foreign exchange

$$1\mathrm{.}800$: gain of $$200$

$$1\mathrm{.}600$; loss of $$200$

$$1\mathrm{.}600$; gain of $$200$