Question
Randy Rudecki purchased a call option on British pounds for $.01 per unit. The strike price was $1.54 and the spot rate at the time
Randy Rudecki purchased a call option on British pounds for $.01 per unit. The strike price was $1.54 and the spot rate at the time the option was exercised was $1.50. Assume there are 31,250 units in a British pound option. What was Randys net profit on this option? A. $312.50 B. $625 C. -$937.5 D. $312.50
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Personal Finance Building Your Future
Authors: Robert Walker, Kristy Walker
2nd Edition
0077861728, 9780077861728
