Options
- A
0.87
- B
1.52
- C
1.32
-
1.07
Correct answer
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XIII NISM Series XIII
Medium
#NISM
The current USDINR spot rate is Rs 83.00. A January USDINR put at Rs 83.50 is Rs 0.56/0.57, and a call at Rs 83.00 is Rs 0.25/0.26. Mr. Shashank buys the put at Rs 0.57 and sells the call at Rs 0.25. At expiry, if the rate is Rs 83.75, what is his net loss per USD?
Practice question from NISM Series XIII for SIF - Mock Test 10 — bank. The correct answer is highlighted below with a full explanation.