24)Samuel Samosir works for Peregrine Investments in Jakarta, Indonesia. He focuses his time and attention on the U.S. dollar/Singapore dollar ($/S$) cross-rate. The current spot rate is $1.39/S$. After considerable study, he has concluded that the Singapore dollar will appreciate versus the U.S. dollar in the coming 90 days, probably to about $1.44/S$. He is considering trading options to profit and has the following options on the Singapore dollar to choose from

Option choices on the Singapore dollar:		Call on S$		Put on S$
Strike price (US$/Singapore dollar)		$1.35		$1.37
Premium (US$/Singapore dollar)		$0.047		$0.006

Determine if the following statement is true or false.

Samuel should buy call options on Singapore dollars to profit.

Select one:

a. True

b. False