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Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Option Type Currency Canadian dollar Contract Size 50,000 Canadian dollars Expiry April Strike Call Put
Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM
Option Type | Currency | Canadian dollar | ||
Contract Size | 50,000 | Canadian dollars | ||
Expiry | April | |||
Strike | Call | Put | ||
$0.815 | $0.0118 | |||
$0.820 | $0.0068 |
Refer to Exhibit 16.1. How much must an investor pay for one call option contract?
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