You are speculating on appreciation of the . You purchase call options on 62,500 with...
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You are speculating on appreciation of the . You purchase call options on 62,500 with a strike price of $1.2 = 1.00. The options position costs a total of $7,000. The current spot rate is $1.35 = 1.00. At what exchange rate will you break-even from the option position? A) $1.587 B) $1.457 C) $1.317 D) $1.46/
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