$(2$ points$)$ Suppose you took a long position on a put option with an exercise price of $$1\mathrm{.}85$ per pound and paid a premium of $$0\mathrm{.}18$ per pound.a$.$ If the spot exchange rate turns out to be $$2\mathrm{.}00$ per pound on the maturity date, is the put option in$-,$ at$-,$ or out$-$of$-$the$-$money?b$.$ If the spot exchange rate turns out to be $$2\mathrm{.}00$ per pound on the maturity date, will you exercise this option?c$.$ If the spot rate at maturity turns out to be $$1\mathrm{.}80$ per pound, is the contract in$-,$ at$-,$ or out$-$of$-$the$-$money?d$.$ If the spot rate at maturity turns out to be $$1\mathrm{.}80$ per pound, will you exercise this option?