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Question 10 (1 point) You buy an American call option on the British pound with a strike price of $1.3125/. You pay a premium of

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Question 10 (1 point) You buy an American call option on the British pound with a strike price of $1.3125/. You pay a premium of $0.019/ to buy the option. The contract size is 62,500. What is the time value of the option if the current spot rate is $1.3304/? $68.75 $625.50 $1,118.75 $83,150.00

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