A European style call option on British pound has a strike price of $1.70/. Assume the spot exchange rate is $1.65/ and the option value is 2.21 cents, what will be your profit? 10 cents You break even You lose the premium of 2.21 cents None of the answers is correct 3 cents You bought a 3-month, 100,000 Canadian dollar currency future at a price of $.755/C$ with an initial margin of 5%. What is your initial investment? $3,775 None of the answers is correct $2,500 $5,000 $5,523