1. A call option on the SGD with a strike price of 0.73 USD/SGD and a maturity of 6 months has a premium bid price of 0.07 USD, and a 1penny bid-ask spread. If you sell these options today on 10,000 SGD, and at maturity the SGD is quoted at bid price of 0.89 USD/SGD, with a 1 penny bid-ask spread, what is your net profit on this position?
2. Old Time Savings pays 4% interest on its savings accounts. If you deposit $1,000.00 in the bank and leave it there how much interest will you learn in the 10th year? (Do not round intermediate calculations. Round your answers to the two decimal places).