Currency Strangles (See Appendix B in this chapter.) Assume the following options are currently available for British pounds (Â£):
Call option premium on British pounds = $0.04 per unit.
Put option premium on British pounds = $0.03 per unit.
Call option strike price = $1.56.
Put option strike price = $1.53.
One option contract represents Â£ 31,250.
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