Specific amount of dollars for euros

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Suppose that you buy a 1,000,000 euros call option against dollars with a strike price of $1.2750/euro. Describe this option as the right to sell a specific amount of dollars for euros at a particular exchange rate of euros per dollar. Explain why this letter option is a dollar put optionagainst the euro.

Reference no: EM132444640

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Specific amount of dollars for euros : Describe this option as the right to sell a specific amount of dollars for euros at a particular exchange rate of euros per dollar.
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