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