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Current FX rate is $1.25/6. Joe, the currency speculator, expects the Euro to appreciate in three months. To generate speculative profit, Joe needs to buy

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Current FX rate is $1.25/6. Joe, the currency speculator, expects the Euro to appreciate in three months. To generate speculative profit, Joe needs to buy a call option on Euro O to sell Euro forward O to sell a call option on Euro a to buy a put option on Euro

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