Exhibit 22 -Refer to Exhibit 22

question 79

Multiple Choice

Exhibit 22.1
Use the Information Below for the Following Problem(S)
$\begin{array}{|l|c|l|l|l|}\hline \text { Option Type } & & \text { Currency } &{\text { Canadian dollar }} \\\hline \text { Contract Size } & & 50000 & {\text { Canadian dollars }} \\\hline \text { Expiry } & & \text { April } & & \\\hline & & & & \\\hline \text { Strike } & \text { Call } & \text { Put } & & \\\hline \$ 0.815 & \$ 0.0118 & & & \\\hline \$ 0.820 & & \$ 0.0068 & & \\\hline\end{array}$
-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?

• A) $0
• B) $3750 gain
• C) $3660 gain
• D) $4650 loss
• E) $2680 loss

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Definitions:

Tetanus

Tetanus is a serious bacterial infection caused by Clostridium tetani, characterized by muscle stiffness and spasms, often starting in the jaw and then spreading to the rest of the body.

All-Or-None Contraction

A principle stating that a muscle fiber contracts completely or not at all.

Atrophied

Refers to the partial or complete wasting away of a part of the body, typically as a result of degeneration of cells or lack of use.

Hypertrophied

Hypertrophied refers to an organ or tissue that has increased in size due to the enlargement of its cells, often in response to increased demand or stimulus.