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A call option on British pounds (C) exists with a strike price of $1.56 and a premium of $0.10 per uriti. Another call option on

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A call option on British pounds (C) exists with a strike price of \$1.56 and a premium of $0.10 per uriti. Another call option on Aritith pounds has a strike srice of 31.59 and a premium of 50.09 per unt. One option contract represents 831,250 . a. Complete the worksheet for a buil spread below. Use a minus sign to enter loss values, if any, If the answer is zero, enter " 0 .. Round yeur answers to the nearest cent. b. What is the break-even point for this bull spread? Round your answer to the nearest cent- c. What is the maximum profit of this bull spread? What is the maximum loss? Use a minus sign to enter a loss value. If the answer is zero, eniter "O"; Round your answers to the nearest cent. Maximum profit: $1 Maximuth loss: $ d. If the British pound spoc rate is $1.57 at option expirotion, what is the total proft or loss for the oull spread? Use a ritinus sign to enter loss values, if any. If the answer is zero, enter " 0, Reund your answer to the nearest dollar. e. If the British pound spot rate is $1.55 at option expiration, what is the total proft or loss for a bear spread? Use a minus sign to enter loss values, if any. If the answer is zero, enter " 07, Round your answer to the nearest dollat

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