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A put option with a strike of $1.93/pounds has a premium of $0.1390. What is the option's breakeven price? If current spot exchange rate is

A put option with a strike of $1.93/pounds has a premium of $0.1390. What is the option's breakeven price? If current spot exchange rate is $2.0265/pounds then this option is ____ .

(a) 1.7910 ; ITM (b) 2.0690 ; OTM (c) 2.0690 ; ITM (d) 1.7910 ; OTM

The answer is (d) 1.7910 ; OTM, need help with the math.

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