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Current spot exchange rate $1.55 = 1.00 Three-month forward rate $1.60 = 1.00 Three-month US interest rate 4.835%, three-month European interest rate 4.983% You are

Current spot exchange rate $1.55 = €1.00

Three-month forward rate $1.60 = €1.00

Three-month US interest rate 4.835%,

three-month European interest rate 4.983%

You are looking at a three-month American exchange rate. €62,500 call option with a strike price of $1.50 = €1.00 at a cost of $/€0.0369. How much profit will urgent exercise bring?

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