2. The existing spot rate of the Canadian dollar is $0.82. The premium on a...
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2. The existing spot rate of the Canadian dollar is $0.82. The premium on a Canadian dollar call option is $0.02. The exercise price is $0.81. The option will be exercised on the expiration date if at all. If the spot rate on the expiration date is $0.86, the profit as a percent of the initial investment (the premium paid) is: (1 pt)
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