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ps. show work please. Randy Rudecki purchased a call option on British pounds for $.02 per unit. The strike price was $1.45 and the spot

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ps. show work please.

Randy Rudecki purchased a call option on British pounds for $.02 per unit. The strike price was $1.45 and the spot rate at the time the option was exercised was $1.46. Assume there are 31,250 units in a British pound option. What was Randy's net profit on this option? Show your work. Use the editor to format your

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