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01 per unit, with an exercise price of $1.62; the option will not be exercised until the expiration date, if at all.

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You purchase a call option on pounds for a premium of $0.01 per unit, with an exercise price of $1.62; the option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $1.64, your net profit per unit is:

Answer = -0.01

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The correct solution is = -$0.01 This is after... View the full answer

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