2) Suppose that todays spot $/ rate is $1.3124/. You have found the following dollar- denominated options that expire in 1 year. Quotes below are listed on a per-unit() basis. Assume that every contract listed in subsequent parts of this question is for 10,000 units (10,000). Strike Call Premium Put Premium $1.20 $0.1362 $0.0105 $1.25 $0.0948 $0.0185 $1.30 $0.0592 $0.0322 $1.35 $0.0323 $0.0547 $1.40 $0.0166 $0.0884 a. For each option (that is, for each strike and for both calls and puts), find the price that you would need to pay in pounds () to buy one contract (remember that they have a multiple of 10,000). b. In one year, the spot rate will take some value. For every possible future spot rate between $1/ and $1.6/ at an increment of .01, calculate the payoff of the long side of each of these option contracts (10,000 options). c. For every value calculated in part (b), find the profit that that option contract generated for that future spot rate. d. What is the breakeven point of this contract?