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The current spot exchange rate is $1.39 = 1.00 and the three-month forward rate is $1.44 = 1.00. You buy a call option on 62,500

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The current spot exchange rate is $1.39 = 1.00 and the three-month forward rate is $1.44 = 1.00. You buy a call option on 62,500 with a strike price of $1.35 = 1.00 and pay an option premium (price) of $0.07 per euro. If the exchange rate at expiration is $1.32 = 1.00, what is your profit or loss from the option position? loss of $4,375 loss of $1,875 loss of $1,875 loss of $6,250 O gain of $1,875 O gain of $1,875

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