Explain why might forward contracts be advantageous for committed transactions, and currency options be advantageous for anticipated transactions? (4 marks) Randy Rudecki purchased a call option on British pounds for $.02 per unit. The strike price was $1.45 and the spot rate at the time the option was exercised was $1.46. Assume there are 31,250 units in a British pound option. What may be Randys net profit on this option? (3 marks) c) Alice Duever purchased a put option on British pounds for $.04 per unit. The strike price was $1.80 and the spot rate at the time the pound option was exercised was $1.59. Assume there are 31,250 units in a British pound option. What may be Alices net profit on this option? (3 marks)