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Consider a call option on SFR with a strike price of USD 0.7000 / SFR selling on the CME for a premium of USD 0.0120

Consider a call option on SFR with a strike price of USD 0.7000 / SFR selling on the CME for a premium of USD 0.0120 / SFR. Each contract is for SFR 100,000. What is the total profit (including the premium) on an investment in this option if the spot rate at expiration is USD 0.7320 / SFR?

A. USD 2,500 B. USD 1,500 C. USD 1,000 D. USD 2,000

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