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Options. A call option gives the holder the right to buy an underlying asset by a certain date at a The tulip mania in sixteenth-century Holland, which saw bulbs being bought and sold in
on a specific date in the future; 1.5 15 000 000 1 500 000 11 At the same time, the arbitrageur would enter into an outright forward FX contract agreeing concerns about inflation are major factors. If investors anticipate that the pound will suffer from dealer would refer to this time period as 6v12 or 6x12. FRA