$$0\mathrm{.}05.$ A put option on New Zealand dollars at the money with a one$-$year expiration date has a premium of $$0\mathrm{.}01.$ You expect that the New

decline over time and will be $$0\mathrm{.}77$ in one year.

a$.$ Today, Dawn purchased call options on New Zealand dollars with a one$-$year expiration date. Estimate the profit or loss per unit at the end of one year. $[$Assume

that the options would be exercised on the expiration date or not at all.$]$ Use a minus sign to enter loss values, if any. Round your answer to the nearest cent.

$

b$.$ Today, Mark sold put options on New Zealand dollars at the money with a one$-$year expiration date. Estimate the profit or loss per unit for Mark at the end of

one year. $[$Assume that the options would be exercised on the expiration date or not at all.$]$ Use a minus sign to enter loss values, if any. Round your answer to

the nearest cent.