$$ a$)$ If the strike price is $$1\mathrm{.}10/,$ and the option premium is $$1,500$ at what exchange rate do you break even if the option is exercised by the put option buyer and you subsequently sell your new euros at the market price? b$)$ If the spot exchange rate is $$1\mathrm{.}09/$ when you sell your new euros from the option exercise above how much did you make or lose from the option exercise and sale of the euros?