Question
Alex purchased a call option on Canadian dollar for $.03 per unit. The strike price was $0.71, and the spot rate at the time the
Alex purchased a call option on Canadian dollar for $.03 per unit. The strike price was $0.71, and the spot rate at the time the option was exercised was $0.76. Assume there are 100,000 units in a Canadian dollar option. What was Alexs net profit on this option?
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Financial Econometrics
Authors: Peijie Wang
1st Edition
0415426693, 978-0415426695
