Question
You have taken a long position in a call option with an underlying asset of MXN 436,085, and a strike price of USD 0.053 per
You have taken a long position in a call option with an underlying asset of MXN 436,085, and a strike price of USD 0.053 per MXN. If the spot rate at the option's maturity is USD 0.044 per MXN, and the present value of the option premium you paid is USD 126 , what is your profit or loss on the option, in USD?
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Principles Of Financial Management
Authors: Haim Levy, Marshall Sarnat
1st Edition
0137097751, 978-0137097753
