Question: Please answer the next question based on the following quotes on currency options contriets for twow thace. (CHF), where each contract has 62,500CHFs. Exercise prices,

 Please answer the next question based on the following quotes on
currency options contriets for twow thace. (CHF), where each contract has 62,500CHFs.

Please answer the next question based on the following quotes on currency options contriets for twow thace. (CHF), where each contract has 62,500CHFs. Exercise prices, call and put premlums are in waun Please answer the next question based on the following quotes on currency options contracts for Swiss francs (CHF), where each contract has 62,500CHF. Exercise prices, call and put premiums are in cents. You buy one October CALL options contract with an exercise price of $0.77. If at the time of the option expiration date, the spot price for Swiss francs is $0.765, then this call option is , and you incur a net out-of-the-money; loss of $312.50

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