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1. Spot exchange rate in 3 months is $1.25/6. What is the net profit per unit? Long currency strangle Call option premium = $0.025/ Put option premium = $0.02/ Call option strike price = $1.30/ Put option strike price = $1.15/ Maturity = 3 months $0.055/ b. $0.00/ C. -$0.025/ d. -$0.045/ a. 2. With the strangle, find the break-even points. o Call option premium: $0.025/ o Put option premium: $0.02/ o Call option strike price: $1.15/ o Put option strike price=$1.05/ o Option contract size: 62,500 a. $1.005/ and $1.195/ b. $1.05/ and $1.15/ c. $1.03/ and $1.17/ 3. A U.S. corporation has purchased currency put options to hedge a 100,000 Canadian dollar (C$) receivable. The premium is $.01 and the exercise price of the option is $.75. If the spot rate at the time of maturity is $.70, what is the net amount received by the corporation if it acts rationally? $74,000 b. $84,000 C. $75,000 d. $85,000 a