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you purchase a call option on pounds for a premium of $0.01 per unit, with an exercise price of $1.64; the option will not be
you purchase a call option on pounds for a premium of $0.01 per unit, with an exercise price of $1.64; the option will not be exercised until the expiration date, if at all. if the spot rate on the expiration date is $1.66, your net profit per unit is:
a) $0.01
b) -$0.01
c) $0.02
d) -$0.02
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