Question: Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Refer to Exhibit 16.1. If the spot rate at expiration is $0.80 and the call

Exhibit 16.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM Refer to Exhibit 16.1. If the spot rate at expiration is $0.80 and the call option was purchased, what is the dollar gain or loss? a. $123 gain b. $237 gain c. $312 gain d. $0 e. $590 loss
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