You are a speculator who sells a call option on Canadian dollars for a premium of $.07 per unit, with an exercise price of $.66. The option will not be exercised until the expiration date, if at all. If the spot rate of the Canadian dollar is $.64 on the expiration date, your net profit per unit is: +$0.07. 0-$0.05. +$0.03. 0-50.03. O+$0.05. Question 19 (3.33 points) Which of the following is true? Non-U.S. firms can obtain equity finanding in the U.S. only by using Yankee stock offerings. O if you expect the euro to depreciate it would be appropriate to buy a euro put option for speculative purposes. Speculators who expect the peso will decline buy futures contracts on pesos. The writer (seller) of a call option is obligated to buy the underlying currency from the buyer of the option at the specified strike price if the option is exercised Question 20 (3.33 points) Assume that a bank's bid rate on British pound is $1.3810 and its ask rate is $1.3824. Its bid-ask percentage spread is: About 0.10% About 2.06% About 0.04% About 0.07%