i need help with question 7 and 8

Question 7 1 pts The current spot exchange rate is $1.12 = 1.00 and the three-month forward rate is $1.33 = 1.00. Consider a three-month American call option on 62,500 with a strike price of $1.25 = 1.00. If you pay an option premium of $7,000 to buy this call, at what exchange rate will you break-even? O $1.47 1.00 O $1.42= 1.00 $1.28 = 1.00 $1.36 1.00 Question 8 1 pts Suppose that XYZ International Company has purchased a Swiss Francs futures contract (contract size is SFr 150,000) at a price of $0.840. If the spot rate for the Swiss Franc at the date of settlement is SFr = $0.818, what is the Company's gain or loss on the contract? loss of $625 gain of $625 gain of $3,300 loss of $3,300