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Speculating with Currency Call Options. Randy Rudecki purchased a call option on British pounds for exist.01 per unit. The purchased a call option on British

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Speculating with Currency Call Options. Randy Rudecki purchased a call option on British pounds for exist.01 per unit. The purchased a call option on British pounds for exist.01 per unit. The strike price was exist1.47 and the spot rate at the time the option was exercised was exist1.49. Assume there are 31, 250 units in a British pound option. What was Randy's net profit on this option

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