Evaluate the following currency futures option strategies in terms of their profit and exchange rate relations at expiration. In your evaluation include a profit table and graph that breaks down each strategy.

a. The purchase of a 150 (cents) British pound September futures call contract for 10 (cents) and the purchase of a 150 (cents) BP September futures put contract for 5 cents (contract size 62,500 British pounds). Evaluate at \$/BP futures prices at the option's September expiration of \(\$1.30 / \mathrm{BP}, \$ 1.35, \$1.40, \$1.45, \$1.50, \$1.55, \$1.50, \$1.65\), and \(\$1.70\).

b. The sale of a 150 (cents) British pound September call contract for 10 (cents) and the sale of a 150 (cents) BP September put contract for 5 (contract size \(=62,500 \mathrm{BP}\) ). Evaluate at \(\$ / \mathrm{BP}\) futures prices at the option's September expiration of \(\$1.30 / \mathrm{BP}, \$1.35, \$1.40, \$1.45, \$1.50\), \(\$1.55, \$1.50, \$1.65\), and \(\$1.70\).