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What was randy’s net profit on this option

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Reference no: EM131117697

Randy Rudecki purchased a call option on British pounds for $.02 per unit.

The strike price was $1.45, and the spot rate at the time the option was exercised was $1.46.

Assume there are 31,250 units in a British pound option. What was Randy’s net profit on this option?

Reference no: EM131117697

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