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You purchase a call option on British pound for a premium of $.04 per unit with an exercise price of $1.65. The option will not
You purchase a call option on British pound for a premium of $.04 per unit with an exercise price of $1.65. The option will not be exercised until the expiration date, if at all. if the spot rate on the expiration date is $1.67, your net profit or net loss per unit is?
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