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Suppose you bought a December British pound call option with an exercise price of $1.3000/. The option price was $0.02/. How much is your payoff
Suppose you bought a December British pound call option with an exercise price of $1.3000/. The option price was $0.02/. How much is your payoff if the spot price is $1.3500/ at expiration?
$0
$0.03
$0.04
$0.05
$0.06
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