You have bought a European put option on NZD 10,000 (the New Zealand dollar) with an exercise
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Question:
You have bought a European put option on NZD 10,000 (the New Zealand dollar) with an exercise price of $.6300 and a premium of $.0016. The current market price of NZD is $.6413. At what market price will you break even on the option's expiration date? $0.6284 $0.6413 $0.6306 $0.6316
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