Cece Cao in Jakarta.docx - Cece Cao in Jakarta Cece Cao...

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Cece Cao in Jakarta. Cece Cao trades currencies for Sumatra Funds in Jakarta. She focuses nearly all of her time and attention on the U.S. dollar/Singapore dollar ($/S$) cross rate. The current spot rate is $0.60000.6000/S$. After considerable study, she has concluded that the Singapore dollar will appreciate versus the U.S. dollar in the coming 90 days, probably to about $0.70040 She has the following options on the Singapore dollar to choose from: Option Strike Price Premium Put (US$/Singapore dollar) 0.6500 0.00003 Call (US$/Singapore dollar) 0.6500 0.00046 a. Should Cece buy a put on Singapore dollars or a call on Singapore dollars? (Select the best choice below.) D. Since Cece expects the Singapore dollar to appreciate versus the U.S. dollar, she should buy a call on Singapore dollars. This gives her the right to buy Singapore dollars at a
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