You Purchase a Call Option on Pounds for a Premium

Multiple Choice

You purchase a call option on pounds for a premium of $.03 per unit, with an exercise price of $1.64; the option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $1.65, your net profit per unit is:

A) -$.03.
B) -$.02.
C) -$.01.
D) $.02.
E) none of the above