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( 2 . 5 pts . ) The current spot exchange rate is $ 1 . 5 5 = 1 . 0 0 and the

(2.5 pts.) The current spot exchange rate is $1.55=1.00 and the three-month forward rate is $1.60=1.00. Consider a three-month American call option on 62,500 with a strike price of $1.50=1.00. If you pay an option premium of $5,000 to buy this call, at what exchange rate will you break-even?
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