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Assume a speculator purchased a call option on Swiss francs for $.02 per unit. The strike price was $0.45, and the spot rate at expiration

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Assume a speculator purchased a call option on Swiss francs for $.02 per unit. The strike price was $0.45, and the spot rate at expiration was $0.48. Assume there are 62,500 units in a Swiss franc option. What was the net profit on this option to the speculator

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