A call option on £1,000 with a strike price of €1,250 is equivalent to

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A call option gives the holder the right to buy an asset at a specified price on or before a certain date. A put option gives the holder the right to sell an asset at a specified price on or before a certain date. In this case, the call option on £1,000 with a strike price of €1,250 is equivalent to a put option on €1,250 with an exercise price of €1,000 because both options give the holder the right to sell an asset at a specified price on or before a certain date.

A Call Option on £1,000 with a Strike Price of €1,250