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A U.S. investor has purchased today, call options on 10 million Pounds. The call options have an exercise price of $ 1.56/Pound with a maturity

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A U.S. investor has purchased today, call options on 10 million Pounds. The call options have an exercise price of $ 1.56/Pound with a maturity of 6 months and a premium of $0.05/Pound. If the spot rate after 6 months turns out to be $1.65/Pound, The investor will make a $0.4 million profit. The investor will make a $0.5 million profit. The Investor will incur a loss of $0.5 million The investor will incur a loss of $0.4 million

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