4. Given the same facts as in Question 2, Horst Schmidt has changed his expectation of the future spot rate of the Swiss franc. He now believes it will fall during the next three months to $.51002'SF, but the potential range would still he the same. He can purchase ten put options on the Philadelphia Stock Exchange at a strike price of 54 cents per Swiss franc, a contract size of SF62,500, an expiration date three months hence, and a premium of 1.0 cents per Deutschemark. 4. Diagram the new profit and loss posin'on as perceived by Horst Schmidt. 5. Calculate what he would gain or lose at his expected range of future spot prices and at his new expected future spot price. 6. Calculate and show on the diagram the hreakeven future spot price