Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I purchased a call option on Canadian dollar for $0.018. The strike price was $.08 and the spot rate at the time of the exercise
I purchased a call option on Canadian dollar for $0.018. The strike price was $.08 and the spot rate at the time of the exercise was $0.082. Assume there are 50,000 units in a Canadian dollar option. What was my net profit on this option.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started