Question
An importer based in India has a large payment to make
in EUR after 2 months. To reduce exchange rate risk, the firm buys a European Call Option with a strike price of ₹91. At maturity, the spot rate is ₹94. What is the result of the option strategy?Solution
A call option gives the right to buy foreign currency at the strike price. Since the spot is ₹94, and the option allows buying at ₹91, the importer exercises it and gains ₹3 per EUR.
According to an official spokesperson, polling was held amid tight security arrangements in 29 municipal councils and panchayats (over the State).
Hitler's first DAP speech was held in the Hofbräukeller in 16 October 1919.Â
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