Please answer the next question based on the following quotes on currency options contracts for Swiss francs (CHF), where each contract has 62,500 CHFs. Exercise prices, call and put premiums are in cents. FERRAR 62,500 Swiss France-European Style. Oct Dec Nov 8832 Dec Oct Nov Dec Nov Dec Nov Nov Dec Calls Vol. Last Vol. Last out-of-the-money; loss of $312.50 out-of-the-money; loss of $1,737.50 10 2.78 3.60 4a65: Nuuu! : 2.66 1.59 2.04 1.00 1.39 Puts * 0.99 0.33 0.20 0.40 19881111:22 11:21 0.43 0.27 You buy one October CALL options contract with an exercise price of $0.77. If at the time of the option expiration date, the spot price for Swiss francs is $0.765, then this call option is and you incur a net 3.12

Please answer the nest question based on the following quotes on currency options conlracts for Swiss francs (CHF) where? each contract has 62,500 cHFs. Exercise prices, call and put premiums are in cents. You buy one October CALL options contract with an exercise price of $0.77. If at the time of the option expiration date, spot price for Swiss francs is $0.765, then this call option is and you incur a net out-of-the-money: loss of $312.50 out-of-the-money; loss of $1,737.50