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e Suerth soid a call option on Canadian doltars for $0.02 per unit. The strike price was 50.74, and the spot rate at the time

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e Suerth soid a call option on Canadian doltars for $0.02 per unit. The strike price was 50.74, and the spot rate at the time the option was everuserd wit 79. Assume Mike did not obtain Canadian doliars until the option was exercised. Also assume that there are 53,300 units in a Canadan dollit uptiun. What Mikn's net profit on the call option? Use a minus sign to enter loss values, If any. Round your answer to the nearest dallari. Problem 5.12 (Selling Currency Call Options) Algo Mike Suerth sold a call option on Canadian doliars for 50.02 per unit. The strike price was $0.74, and the spot rate of the time the option was exerised was 50.79. Assume Mike did not obtain Canadian doilars untit the option was exercised, Also assume that there are 53,300 units in a Canadian doflar spition what was Mike's net profit on the call option? Use a minus sign to enter loss values, if any, Round your answer to the nearest dolla

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