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Suppose the current spot rate for the Australian dollar is USD1.134. What is the intrinsic value of an A$50,000 call option with an exercise price
Suppose the current spot rate for the Australian dollar is USD1.134. What is the intrinsic value of an A$50,000 call option with an exercise price of USD 1.2474 in USD term? (Instruction: Please round your answer to the nearest integer)
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