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A U.S. importer has an account payable in British Pounds (BP) due in 30 days June 17, 2022. The current spot rate on the BP
A U.S. importer has an account payable in British Pounds (BP) due in 30 days June 17, 2022. The current spot rate on the BP is $1 .35/1. It purchases a 30-day call option with a strike price of $1.37. On June 17, 2022, it should exercise the option if the spot rate on the pound is: 0 $1.35 0 $1.33 0 $1.40 0 It should let the option expire under all three scenarios
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