17. Consider an American call option on Pound (GBP) with a strike price of 6 $0.9100/GBP traded at a premium of $0.0182 per GBP and with an expiration date three months from now. The option is for 100,000 GBP. Suppose that you have bought such a call option. a) Determine whether or not the holder will exercise the option when the GBP is traded spot at $0.7000/GBP (1 mark), b) calculate net gain for the option at the spot rate (1 mark), and C) Find the break-even exchange rate (2 marks)