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a. Should Calandra buy a put on Canadian dollars or a call on Canadian dollars? b. What is Calandra's breakeven price on the option purchased

image text in transcribed a. Should Calandra buy a put on Canadian dollars or a call on Canadian dollars? b. What is Calandra's breakeven price on the option purchased in part a? c. Using your answer from part a, what is Calandra's gross profit and net profit (including premium) if the spot rate at the end of 90 days is indeed $0.7602/C$ ? d. Using your answer from part a, what is Calandra's gross profit and net profit (including premium) if the spot rate at the end of 90 days is $0.8251/C$ ? a. Should Calandra buy a put on Canadian dollars or a call on Canadian dollars? (Select the best choice below.) A. Since Calandra expects the Canadian dollar to depreciate versus the US dollar, she should buy a put on Canadian dollars. B. Since Calandra expects the Canadian dollar to depreciate versus the US dollar, she should buy a call on Canadian dollars. C. Since Calandra expects the Canadian dollar to appreciate versus the US dollar, she should buy a put on Canadian dollars. D. Since Calandra expects the Canadian dollar to appreciate versus the US dollar, she should buy a call on Canadian dollars

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