9. The 90-day forward rate for the euro is $1.07, while the current spot rate of the euro is S1.05. What is the annualized forward premium or discount of the euro? b. 1.9 percent premium, discount. 7.6 percent premium. d. 7.6 percent discount. a. 1.9 percent c. 10. Assume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $.05 per unit. A pound option represents 31,250 units. Assume that at the time of the purchase, the spot rate of the pound is $1.51 and continually rises to $1.62 by the expiration date. The highest net profit possible for the speculator based on the information above is: a. $1,562.50. b. -$1,562.50. c. -$1,250.00 d. -$625.00