Question $3$

$1pts$

A put option with a strike of $$\frac{2\mathrm{.}79}{}$ has a premium of $$0\mathrm{.}0870.$ What is the option's breakeven price? If the current spot exchange rate is $$\frac{2\mathrm{.}9016}{}$ then this option is

$2\mathrm{.}7030$ ; OTM

$2\mathrm{.}7030$ ; ITM

$2\mathrm{.}8770$ ; ITM

None of the alternatives

$2\mathrm{.}8770$; OTM