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A long call option on the euro with a strike of $1.16, a premium of $311/contract, a contract multiplier (quantity) of 24,000. The exchange rate
A long call option on the euro with a strike of $1.16, a premium of $311/contract, a contract multiplier (quantity) of 24,000.
The exchange rate at maturity is $1.225/euro.
Calculate your profit from this option, in dollars.
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