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Randy net profit on option

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Reference no: EM132899911

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? Show your work.

Reference no: EM132899911

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