a call option exists on British pound with an exercise price of $1.60, a 90 days expiration date, and a premium of $0.03 per unit. a put option exists on British pounds with an exercise price of $1.60, a 90 days expiration date and a priumum of $0.02 per unit. you will exercise the option in 90 days (if at all). the sopt rate of the pound will be $2.60 in 90 days. determine the profit per unit if

A) you buy call option

b) you buy a put option