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Speculating with currency call options: Randy Rudecki purchased a call option on British pounds for .02 per unit. The strike price was 1.45, and the
Speculating with currency call options: 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 Randys net profit on his option?
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