3 pts Question 16 The current spot exchange rate is $1.18/1.00 and the three-month forward rate is $1.20/1.00. Consider a three-month American call option on 62.500 with a strike price of $1.15/1.00. If you pay an option premium of $4,000 to buy this call, at what exchange rate will you break-even? O $1.1160/1.00 $12440 /1.00 O $1.2140/1.00 $1.1360/1.00 O $1.0860/1.00