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You purchase a call option on British pounds for a premium of $.04 per unit with an exercise price of $1.65. The option will

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You purchase a call option on British pounds 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. calculate the net profit/ loss per unit of contract.

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