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

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. $590 loss b. $312 gain c. $237 gain d. $0 e. $123 gain

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