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Consider an option to buy €12,500 for £10,000.In the next period,the euro can strengthen against the pound by 25 percent (i.e.,each euro will buy 25 percent more pounds)or weaken by 20 percent.
Big hint: don't round,keep exchange rates out to at least 4 decimal places.
If the call finishes out-of-the-money what is your portfolio cash flow?
Just Cause Clause
A provision in a contract that restricts an employer's ability to fire employees to situations where there is a legitimate, substantial reason for termination.
Arbitrary Dismissal
Termination of employment without just cause, or in violation of legal or contractual requirements.
Contract Provisions
Specific clauses or terms included in a contract that dictate the obligations, rights, and responsibilities of the parties involved.
Valid
Legally sound, effective, or binding; having a solid, cogent basis in logic or fact.
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