Question: The current spot exchange rate is $ 1 . 5 5 = 1 . 0 0 and the three - month forward rate is $

The current spot exchange rate is $1.55=1.00 and the three-month forward rate is $1.60=1.00. Consider a three-month American call option on 62,500. For this option to be considered at-the-money, what must be true?

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