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You purchase a six month $ 1.10 strike call option on the euro for $ 0.12 per unitEach option contract covers 10,000 euros. On the
You purchase a six month $ 1.10 strike call option on the euro for $ 0.12 per unitEach option contract covers 10,000 euros. On the expiration date, the spot rate for euro is $0.96 . Assuming you are an astute investor, what is your profit or loss on the call option ?
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