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James purchase a call option on Polish zloty for $.010 per unit. The strike price was $.170, and the spot rate at the time the
James purchase a call option on Polish zloty for $.010 per unit. The strike price was $.170, and the spot rate at the time the option was exercised was $.184. Assume that James did not sell Polish zloty until the option was exercised, and that there are 500,000 units in a Polish zloty option. What was Jamess net profit on the call option?
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