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A speculator is considering the purchase of five 3-month euro put options from PHLX with a strike price of $1.10/?. The premium is 1.2 cents

A speculator is considering the purchase of five 3-month euro put options from PHLX with a strike price of $1.10/â?¬. The premium is 1.2 cents per â?¬. The spot price is $1.15/â?¬ and the 3-month forw...

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