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Mike Suerth sold a call option on Canadian dollars for $ 0 . 0 1 per unit. The strike price was $ 0 . 6
Mike Suerth sold a call option on Canadian dollars for $ per unit. The strike price was $ and the spot rate at the time the option was excised was $ Assume Mike did not obtain Canadian dollars until the option was exercised. Also assume that there are units in a Canadian dollar option. What was Mike's net profit on the call option? Use a minus sign to enter loss values, if any. Round your answer to the nearest dollar.
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