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Peter has purchased a call option on euros () with a strike price of $1.06 and a premium of $0.01.
The current spot price of the euro is $1.04. Just before expiration, the euro's spot price is $1.09.
What is the per unit profit or loss to the writer of this option?
a. $.02 loss
b. $.02 profit
c. $.03 loss
d. $.03 profit

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