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You Purchase a Call Option on Swiss Francs for a Premium

question 62

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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:


Definitions:

Registry System

A provincial government operated system for the registration of interests in land.

Province Guarantees

Assurances or commitments provided by a provincial government, often related to financial backing or support.

Solicitor's Customary Searches

Legal inquiries made by a solicitor to ensure there are no legal impediments to a property sale.

Execution Searches

Investigations conducted to determine if there are any outstanding legal judgments or executions against a property or individual.

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