Question: Suppose that you buy a1,000,000 call option against dollars with a strike price of $1.2750/. Describe this option as the right to sell a specific

Suppose that you buy a€1,000,000 call option against dollars with a strike price of $1.2750/€. Describe this option as the right to sell a specific amount of dollars for euros at a particular exchange rate of euros per dollar. Explain why this latter option is a dollar put option against the euro.

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