12 The current spot exchange rate is $1.25 = 1.00 and the three-month forward rate is $1.30 = 1.00. Consider a three-month American call option on 662,500 with a strike price of $1.20-1.00. If you pay an option premium of $5,000 to buy this call, at what exchange rate will you break-even? a) $1.28= 1.00 b) $1.32= 1.00 c) $1.20=1.00 d) $1.38= 1.00