Question
Assume you purchased a call option on the Australian dollar for $0.0200 per unit. The strike price was $0.4501 and the spot rate at the
Assume you purchased a call option on the Australian dollar for $0.0200 per unit. The strike price was $0.4501 and the spot rate at the time the Australian dollar was exercised was $0.4605. Assume there are 62,500 units in an Australian dollar option. How much is your net profit on this option speculation?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
