Question: ETH purchased a call option on A$ for 0.02 per unit. The strike price was A$=0.45 and the spot rate at the time the option

ETH purchased a call option on A$ for 0.02 per unit. The strike price was A$=0.45 and the spot rate at the time the option was exercised was A$=0.46. Assume there are 31,250 units in an Australian dollar option. What was net profit (loss) of ETH on this option

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