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You are holding a European CALL option. The underlying security is GBP10,000. (GBP = British...

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Question

Finance

You are holding a European CALL option. The underlying security is GBP10,000. (GBP = British Pound)

The exercise price is $1.25/GBP.

On the expiration date, if the SPOT price turns out to be S = $1.33/GBP.

What is the Intrinsic Value of your Call option CT

Group of answer choices

A. -$800

B. 0

C. $800

D. None of the above

Answer & Explanation Solved by verified expert
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