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POSSIBLE ANSWERS: A. 1800, B.1200, C.-900 Sally Rodrick purchased a call option on British pounds for S.05 per unit. The strike price was $1.55 and

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POSSIBLE ANSWERS:

A. 1800, B.1200, C.-900

Sally Rodrick purchased a call option on British pounds for S.05 per unit. The strike price was $1.55 and the spot rate at the time the option was exercised was $1.57. Assume there are 30,000 units in a British pound option. What was Sandy's net profit on this option

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