8. Cachita Haynes at Vatic Capital. Cachita Haynes d works as a currency speculator for Vatic Capital of vial Los Angeles. Her latest speculative position is to profit from her expectation that the U.S. dollar will rise sig- nificantly against the Japanese yen. The current spot rate is 120.00/$. She must choose between the follow- ing 90-day options on the Japanese yen: in od lot ito Option Strike Price Premium 125/$ $0.00003/S$ of a Call on yeni 125/$s$0.00046/S$ on adlou or SS SES a. Should Cachita buy a put on yen or a call on yen? b. What is Cachita's break-even price on the option purchased in part (a)? BSN c. Using your answer from part (a), what is Cachita's od gross profit and net profit (including premium) if the spot rate at the end of 90 days is 140/$? sug Put on yen