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On October 2 3 , the closing exchange rate of British pounds was $ 1 . 8 0 . Calls which would mature the following

On October 23, the closing exchange rate of British pounds was $1.80. Calls which would mature the following January with a strike price of $1.85 were traded at $0.10. If the exchange rate of British pounds rises to $2.00 prior to the January option expiration date, what is the percentage return on investment for an investor who purchased a call on October 23?
40%
45%
50%
55%
70%

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