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Exhibit 22 -Refer to Exhibit 22

question 79

Multiple Choice

Exhibit 22.1
Use the Information Below for the Following Problem(S)
 Option Type  Currency  Canadian dollar  Contract Size 50000 Canadian dollars  Expiry  April  Strike  Call  Put $0.815$0.0118$0.820$0.0068\begin{array}{|l|c|l|l|l|}\hline \text { Option Type } & & \text { Currency } &{\text { Canadian dollar }} \\\hline \text { Contract Size } & & 50000 & {\text { Canadian dollars }} \\\hline \text { Expiry } & & \text { April } & & \\\hline & & & & \\\hline \text { Strike } & \text { Call } & \text { Put } & & \\\hline \$ 0.815 & \$ 0.0118 & & & \\\hline \$ 0.820 & & \$ 0.0068 & & \\\hline\end{array}
-Refer to Exhibit 22.1.If the spot rate at expiration is $0.90 and the call option was purchased,what is the dollar gain or loss?

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Definitions:

Goods

Tangible products that satisfy human wants or needs.

Production Possibilities Frontier

A curve that represents the maximum productive capacity of an economy when all resources are fully utilized.

Consumption Possibilities

The range of goods and services that a consumer can afford to purchase at a given level of income and prices.

Trade

The exchange of goods and services between individuals or entities, typically in an attempt to benefit from differences in cost or value.

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