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Assume that you buy a call option on euros with a strike price of $1.25/ at a premium of 3.80 cents per euro ($0.0380/) and

Assume that you buy a call option on euros with a strike price of $1.25/ at a premium of 3.80 cents per euro ($0.0380/) and an expiration in three months. The option is for 100,000. Calculate your total profit or loss if you exercise when the euro spot rate is each of the following: $1.10/, $1.20/, $1.30/, $1.40/

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