Question: Question 6 6.25 points Save Answer Carl is an option writer in anticipation of a depreciation of the British pounds from its current level of

Question 6 6.25 points Save Answer Carl is an
Question 6 6.25 points Save Answer Carl is an option writer in anticipation of a depreciation of the British pounds from its current level of $150 to $1.45 he has written a call option with an exercise price of $1.57 and a premium of $0.02. If the spottare at the option's maturity turns out to be $1.54, what is Carl's payo (assuming the buyer of the option acts raionally

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