Question: Please answer both What obligation does a call option writer have if the option buyer/owner exercises the call? (Please be specific and go beyond take
Please answer both 
What obligation does a call option writer have if the option buyer/owner exercises the call? (Please be specific and go beyond "take the other side of the transaction") The call option writer is obligated to the currency at the price from the call owner on the. date. You buy a call option on the for $.025/f. The option contract size is 1,500,000. The exercise price is $1.4150/f. When the option matures, the spot rate is $1.4785/f. What is your overall (be sure to account for the option premium paid) total profit/loss on the option
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