12. (3 points) Suppose the current spot exchange rate between the U.S. dollar and British pound is $1.8/ A European call option on pounds is expiring today. The call option has an exercise price of $1.75/ At the same time, a European put option on pounds is expiring today. The put option has an exercise price of $1.76/ Given the information above, which of the following is correct? a. both the call option and the put option are out-of-the-money. b. both the call option and the put option are in-the-money. c. the call option is in-the-money while the put option is out-of-the-money. d. the call option is out-of-the-money while the put option is in-the-money. 14. (3 points) A form of foreign direct investments where a parent company builds its new facilities in a foreign country from the ground up is a. greenfield investment. b. vertical integration. c. brownfield investment. d. cross-border acquisition