You want you to buy 1.61 million British pounds (GBP) using call options and foreign exchange market.
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Question:
You want you to buy 1.61 million British pounds (GBP) using call options and foreign exchange market. The following four figures provide the market information on the GBP options, which expires in 5-month. How much can you make a net profit or a net loss for GBP1.61 million if the spot rate is A$1.9776 at the maturity (i.e., after 5 months)? (enter the whole number without sign and symbol).
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