International Financial Management 2nd Edition by Geert Bekaert ,Robert Hodrick

تمرين 35

Suppose that you buy a :1,000,000 call option against dollars with a strike price of $1.2750 /€. Describe this option as the right to sell a specific amount of dollars for euros at a particular exchange rate of euros per dollar. Explain why this latter option is a dollar put option against the euro.