Jimmy carter purchased a call option on british pounds for


Jimmy Carter purchased a call option on British pounds for $.047 per unit. The strike price was $1.5550 and the spot rate at the time the option was exercised was $1.5900. Assume there are 62,500 units in a British pound option. What was Reggie’s net profit on this option?

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Financial Management: Jimmy carter purchased a call option on british pounds for
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