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Suppose that you are a speculator that anticipates an appreciation of the Singapore dollar ($). You purchase a call option contract on Singapore lollars. Each

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Suppose that you are a speculator that anticipates an appreciation of the Singapore dollar ($). You purchase a call option contract on Singapore lollars. Each contract represents S$40,000, with a strike price of $0.83 and call option premium of $0.03 per unit, Suppose that the spot price of the Singapore dollar is $0.84 just before the expiration of the call option contract. At this time, you call the contract and immediately sell the Singapore dollars to a bank at the current spot price. Use the drop-down selections to fill in the following table from your (the buyer's) perspective. Note: Assume there are no brokerage fees. Per Unit Per Contract Transaction Selling Price of S$ - Purchase Price of S$ Premium Paid for Option -Net Profit $0.84 -50.83 -50.03

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