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You purchased a call option contract on Brazilian real with an exercise price of $.30/BRL at an option premium of $.0034. The option contract size
You purchased a call option contract on Brazilian real with an exercise price of $.30/BRL at an option premium of $.0034. The option contract size is 40,000 BRL. What is your net gain or loss on this investment if the exchange rate is $.336/BRL on the option expiration date?
A) -$1,576
B) -$136
C) $1304
D) $1440
E) $1576
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