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please help me solve this correctly and show me the steps and what formula you used. please take your time solving it I really don't
please help me solve this correctly and show me the steps and what formula you used. please take your time solving it I really don't want a wrong answer. thanks!
Apple buys an Australian Dollar Call option (contract size: AUD 100,000) at the premium of USD0.07/AUD. The exercise price is USD0.78/AUD. If the spot at expiration is USD0.82/AUD, what is the Apple's profit? O $3,000 loss $7,000 loss O $4,000 loss $4,700 gainStep by Step Solution
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