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In the above quotes on currency options contracts for Canadian Dollars ( CAD ) , each contract has 5 0 , 0 0 0 CADs.

In the above quotes on currency options contracts for Canadian Dollars (CAD),
each contract has 50,000 CADs. The cost of buying one CAD call options contract
with an exercise price of $0.725 which expires on the 3rd Wednesday of July is:
$0.13
$65.00
$6,500.00
$50.00
Correct answer is $65 please explain
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