Question
American Express sells a call option on euros (contract size is 500,000) at a premium of $0.04 per euro. If the exercise price is $0.91
American Express sells a call option on euros (contract size is 500,000) at a premium of $0.04 per euro. If the exercise price is $0.91 and the spot price of the euro at date of expiration is $0.93, what is American expresss profit or loss on this call option?
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Stock Market Investing For Beginners
Authors: George Graham
1st Edition
1914346432, 978-1914346439
