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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 the closing exchange rate of British pounds was $ Calls which would mature the following January with a strike price of $ were traded at $ If the exchange rate of British pounds rises to $ prior to the January option expiration date, what is the percentage return on investment for an investor who purchased a call on October
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