Question
You bought 12,750,000.00 call options with a strike of $0.0135 / for $0.0013. The current spot exchange rate is $0.0147 / . Immediate exercise of
You bought 12,750,000.00 call options with a strike of $0.0135 / for $0.0013. The current spot exchange rate is $0.0147 / . Immediate exercise of these options will generate a profit/loss of?
Answer is -1,275.00, but I am unsure of how to solve. Thanks!
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
