Randy rudecki purchased a call option on british pounds for, Operation Management

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Randy rudecki purchased a call option on british pounds for

Speculating with Currency Call Options. Randy Rudecki purchased a call option on British pounds for $.01 per unit. The strike price was $1.47 and the spot rate at the time the option was exercised was $1.49. Assume there are 31,250 units in a British pound option. What was Randy’s net profit on this option?

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Operation Management: Randy rudecki purchased a call option on british pounds for

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