You purchase a call option on Swiss francs for a premium of £0.02, with an exercise price of £.43. The option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is £0.46, your net profit per unit is:
A) -£0.03.
B) -£0.02.
C) -£0.01.
D) £0.02.
E) none of the above.

Question

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The Answer of You purchase a call option on Swiss francs for a premium of £0.02, with an exercise price of £.43. The option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is £0.46, your net profit per unit is:
A) -£0.03.
B) -£0.02.
C) -£0.01.
D) £0.02.
E) none of the above.

You Purchase a Call Option on Swiss Francs for a Premium