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You purchased a call option on euros with a strike price of $ 1 . 1 0 / Euro . The call option premium was

You purchased a call option on euros with a strike price of $1.10/Euro . The call option premium was $0.08/Euro . Is your call option in-the-money if euros are trading at in the spot market at maturity? Will you exercise your call option or let it expire? Alternatively, if the spot rate at maturity is $1.20/EUR , will you exercise this option?

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