QUESTION 41

1. You hold a put option on yen is written with a strike price of 105.00/$. Which spot price maximizes your profit if you choose to exercise the option before maturity?

a.	105/$
b.	110/$
c.	115/$
d.	100/$

2 points

QUESTION 42

1. A call option on ABC stock is bought for $3.00. This call option has a strike price of $30 and can be exercised in three months or less. If this option is exercise today when the stock price is $55, what is the net profit from buying this option?

a.	$3.00
b.	$12.00
c.	$15.00
d.	$22.00

2 points

QUESTION 43

1. Which of the following is NOT a contract specification for currency futures trading on an organized exchange?

a.	size of the contract
b.	last trading day
c.	maturity date
d.	All of the above are specified