Question
You buy a call option on Australian dollar (A$) for a premium of $.03 per unit, with an exercise price of $0.64; the option is
You buy a call option on Australian dollar (A$) for a premium of $.03 per unit, with an exercise price of $0.64; the option is a European currency option. If the spot rate on the expiration date is $0.66, your net profit per one A$ is:
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Analysis For Financial Management
Authors: Robert Higgins, Jennifer Koski, Todd Mitton
13th Edition
1260772365, 978-1260772364
