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Posted on Sep 23, 2024

A European call option is written on 6 2 , 5 0 0 . The strike price is $ 1 . 4 0 / ,

A European call option is written on

62, 500 .

The strike price is $

1.40 /,

and the option premium is $

1, 875 .

From the perspective of the writer of the option, he would be happy if the price of the pound

__________

relative to USD in order not to lose money.

Group of answer choices

appreciates

depreciates

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