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To: Oblomov who wrote (77)12/6/2000 10:51:38 AM
From: Tommaso   of 329
 
Yes that's right. So I guess the Euro has get to .95 for me just to break even on the trade. Of course if the dollar gets volatile that might increase the premium. It's really a pretty good bet for Merrill Lynch to sell these things to suckers like me. They probably hedge against any loss with some much cheaper derivative.
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