2. (10 points) Suppose you expect the Singapore dollar will appreciate versus the US dollar in the coming 90 days. The current spot rate is $0.60/S$. You expect an appreciation to $0.70/S$. The following options are available to you: Option Strike Price Premium Put on S$ $0.65/S$ $0.0002/S$ Call on S$ $0.65/S$ $0.045/S$ a. What option would you buy? b. Using the choice in (a), what is the break-even price? c. Using the choice in (a), what are the gross and net profit (i.e. accounting for the premium) if the spot rate at the end of 90 days is $0.80/S$