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You purchase a call option on Mexican pesos for a premium of $0.03 per unit, with an exercise price of $0.24; the option will not
You purchase a call option on Mexican pesos for a premium of $0.03 per unit, with an exercise price of $0.24; the option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $0.18, your payoff is
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