You are a speculator who sells a call option on swiss francs for a premium of $.06, with an exercise price of $.64. the option will not be exercised until the expiration date, if at all. if the spot rate of the swiss franc is $.69 on the expiration date, your net profit per unit is:
a.-$.02.
b.-$.01.
c. $.01
d. $.02
e. none of the above.
i know the answer is c(.01) but don't know how. list formula and work.

c. $.01

Explanation:

The computation of the net profit per unit is shown below:

= Exercise price + Premium - Spot rate on the expiration date

= $0.64 + $0.06 - $0.69

= $0.01

To find out the net profit per unit we added the premium and deducted the spot rate on the expiration date to the exercise price so that the true value per unit can come.

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

(75years ,i believe is the correct answer.good luck