Question
You have taken a long position in a call option with an underlying asset of MXN 321,042, and a strike price of USD 0.049 per
You have taken a long position in a call option with an underlying asset of MXN 321,042, and a strike price of USD 0.049 per MXN. If the spot rate at the option's maturity is USD 0.051 per MXN, and the present value of the option premium you paid is USD 135 , what is your profit or loss on the option, in USD?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
