Question: please show calculation for the answer. Study this Case and Answer Question: On 19 April Following are the Spot Rates Spot EUR/USD 1.2000 USD/INR 44.8000

please show calculation for the answer.

Study this Case and Answer Question: On 19 April Following are the Spot Rates Spot EUR/USD 1.2000 USD/INR 44.8000 Following are the quotes for European Type Options Currency Pair Call/Put Strike Price Premium Expiry Date A Dealer believes that the spot rate for the Dollar will rise to INR 45.00 by September 19. So he decides to buy at the money call options. If his expectations are correct, his profit from BUYING call options FOR USD1.5 Million will be INR A. 80,000 B. 120,000 C. 100,000 D. 110,000

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