Henrik's Options. Assume Henrik buys a call option on euros with a strike price of $$1\mathrm{.}2500=1\mathrm{.}00$ at a premium of $3\mathrm{.}80$ cents per

euro $($ $$0\mathrm{.}0380$ per $)$ and with an expiration date three months from now. The option is for $100,000$ euros. Calculate Henrik's profit or

loss should he exercise before maturity at a time when the euro is traded spot at strike prices beginning at $$1\mathrm{.}10=1\mathrm{.}00,$ rising to

$$1\mathrm{.}28=1\mathrm{.}00$ in increments of $$0\mathrm{.}03.$

The profit or loss should Henrik exercise before maturity at a time when the euro is traded spot at $$\frac{1\mathrm{.}10}{}$ is $$.($Round to the

nearest cent and indicate a loss by using a negative sign.$)$