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York Gatez Corp purchased a call option on A$ for 0 . 0 1 per unit. The strike price was A$ = 0 . 4

York Gatez Corp purchased a call option on A$ for 0.01 per unit. The strike price was A$=0.45 and the spot rate at the time the option was exercised was A$=0.48. Assume there are 36,200 units in an Australian dollar option. What was net profit or loss for York Gatez Corp on this option?

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