5. A GBP put option is available with a strike price of $1.50 and a put premium is S.02. Draw the put option payoff graph for buyer and seller. 6. MNC purchased a call option on British pounds for $.03 per unit. The strike price was $1.45 and the spot rate at the time the option was exercised was $1.47. Assume there are 31,250 units in a British pound option. What was net profit on this option? 7. Call option premium is $.03. The Strike Price is $1.53. Draw the payoff function of buyer and seller. 8. Put option Premium is .04. The Strike rate is $1.54. Draw the payoff function of buyer and seller