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A if the spot at expiration is 0069peso what is the

A speculator is considering the purchase of Mexican Peso call options (contract size: Peso 500,000) with a strike price $0.06/Peso. The premium is $0.007/Peso.

a. If the spot at expiration is $0.069/Peso, what is the speculator's profit?

b. If the spot at expiration is $0.054/Peso, what is the speculator's profit?

c. If the spot at expiration is $0.063/Peso, what is the speculator's profit?

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Basic Statistics: A if the spot at expiration is 0069peso what is the

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