Question
Suppose you buy 10 Call options on the CAD at X = 0.70 USD / CAD for $0.01 USD, and that each contract is for
Suppose you buy 10 Call options on the CAD at X = 0.70 USD / CAD for $0.01 USD, and that each contract is for 65 000 CAD.
If the ending exchange rate at expiry is 0.8000 USD/CAD your total profit in USD is:
Answer
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Step: 1
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Step: 3
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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