A European style call option on British pound has a strike price of $1.70/. Assume the spot exchange rate is $1.7221/ and the option value is 2.21 cents, what will be your profit? You break even 3 cents None of the answers is correct 10 cents You lose the premium of 2.21 cents A European style call option on British pound has a strike price of $1.69/. Assume the spot exchange rate is $1.75/ and the option value is 2 cents. What will be your payoff? 4 cents None of the answers is correct You break even You lose the premium of 2 cents 6 cents