They pay a premium of 007 per euro and the march 1 spot


Warrior Industries buys a June call option on Euros (Contract size is 500,000 euros) on March 1 that has a strike (excercise) price of $0.68. They pay a premium of $0.07 per euro, and the MArch 1 spot rate is $0.70. On the expiration date in June, the spot rate is $0.73. What is Warrior's profit (loss) on the option?

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Financial Management: They pay a premium of 007 per euro and the march 1 spot
Reference No:- TGS02839368

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