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Business, 07.04.2020 17:51 12375819

Carl likes to speculate with options. In anticipation of an appreciation of the British Pound, he has sold a put option with an exercise price of $1.51 and a premium of $0.02. If the spot rate at the option's maturity turns out to be $1.54, what is Carl's profit or loss per unit?

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Carl likes to speculate with options. In anticipation of an appreciation of the British Pound, he ha...
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