Henrik's Options. Assume Henrik writes a call option on euros with a strike price of

$1.25 /euro at a premium of 3.80cents per euro ($0.038 /euro ) and with an expiration date three months from now. The option is for

euro100,000 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

$1.12 /euro , rising to $1.30euro in increments of $0.03

The profit or loss should Henrik exercise before maturity at a time when the euro is traded spot at $1.12/euro is $nothing. (Round to the nearest cent and indicate a loss by using a negative sign.)