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A call option on UK pounds has a strike price of $1.50/ and a cost of $0.10/. What is the break-even price for the option?

A call option on UK pounds has a strike price of $1.50/ and a cost of $0.10/. What is the break-even price for the option?

a. $1.40/ b. $1.50/ c. $1.60/ d. $1.70/

A put option on UK pounds has a strike price of $1.50/ and a cost of $0.10/. What is the break-even price for the option?

a. $1.40/ b. $1.50/ c. $1.60/ d. $1.70/

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