Question
If the current spot USD/AUD exchange rate is USD0.68/AUD, what is the intrinsic value of a A$668,000 call option with an exercise price of USD0.748/AUD?
If the current spot USD/AUD exchange rate is USD0.68/AUD, what is the intrinsic value of a A$668,000 call option with an exercise price of USD0.748/AUD?
a.
USD 66800
b.
USD 982353
c.
USD 499664
d.
USD 893048
e.
The option has no intrinsic value.
f.
USD 668000
g.
USD 454240
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Futures Trading Demystified
Authors: Arvind Rajpurohit
1st Edition
979-8859974344
