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Mike Suerth sold a call option on New Zealand dollars for A$ 0 . 0 1 4 7 per unit. The strike price was A$

Mike Suerth sold a call option on New Zealand dollars for A$0.0147 per unit. The strike price was A$0.55 and the spot rate at the time the option was exercised was A$0.62. Assume Mike did not obtain New Zealand dollars until the option was exercised. Also, there are 10,000 units in a New Zealand dollar option. What was Mikes net profit on the call option?

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