2) A call option buyer on UK pounds has a strike price of $2.06/ and a premium of $0.04. What is the break-even price for the option? A) $2.02/ B) $2.10 / C) $2.05/ D) $2.00/ E) None of the above. 3) Assume that a call option buyer has an exercise price of $1.60/. At a spot price of $1.66/, the call option has: A) a time value of $0.05. B) a time value of $0.00. C) an intrinsic value of $0.06;. D) an intrinsic value of $0.05. E) None of the above