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A call option on euros is bought with a strike price of $1.20/euro and premium of $0.001/euro. Would you exercise the option if the spot

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A call option on euros is bought with a strike price of $1.20/euro and premium of $0.001/euro. Would you exercise the option if the spot rate gets to $1.205/euro and what would be the profit/loss? No; -$0.001/euro Yes: $0.004/euro No: -$0.006/euro Yes: $0.049/euro

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