You Purchase a Call Option on Swiss Francs for a Premium

question 62

Multiple Choice

You purchase a call option on Swiss francs for a premium of £0.02, with an exercise price of £.43. The option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is £0.46, your net profit per unit is:

• A) -£0.03.
• B) -£0.02.
• C) -£0.01.
• D) £0.02.
• E) none of the above.

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Definitions:

Urban Fires

Fires that occur in cities or towns, which can involve buildings, vehicles, and other man-made structures.

Horizontal Displacement

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Release of Ejecta

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Greenhouse Effect

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