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could any help writing down the steps to solve this problem You purchase a six month $1.10 strike call option on the euro for $0.14
could any help writing down the steps to solve this problem
You purchase a six month $1.10 strike call option on the euro for $0.14 per unit. Each option contract covers 10,000 euros. On the expiration date, the spot rate for the euro is $1.04. Assuming you are an astute investor, what is your profit (+) or loss (-) on the call option? Round your final answer to two decimal places (Ex. $0.00)
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