Question: Question 3 (10 mark) You write a call option on GBP (contract size is GBP31,250 units) at a premium of USD0.08 per unit. If the

Question 3 (10 mark) You write a call option on GBP

Question 3 (10 mark) You write a call option on GBP (contract size is GBP31,250 units) at a premium of USD0.08 per unit. If the exercise price is USD1.5240=GBP1 and the spot price at expiration is USD1.55, calculate exactly what is your profit or loss on the call option

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