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An investor bought a call option for Brazilian real at an exercise price of $0.19. This option can be exercised only at expiration. Currently the

An investor bought a call option for Brazilian real at an exercise price of $0.19. This option can be exercised only at expiration. Currently the spot rate for the Brazilian real is $0.21. The premium on this option is $0.02 At expiration, however, the spot rate of Brazilian real is $0.22. Calculate the profit/loss in percentage of the initial investment of the premium paid.

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50 percent

-50 percent

25 percent

150 percent

-25 percent

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