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(a) The following option information is available: Call option premium on Singapore dollar (S$)=$0.04. Put option premium on Singapore dollar (S$=)=$0.03. Call option strike price

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(a) The following option information is available: Call option premium on Singapore dollar (S$)=$0.04. Put option premium on Singapore dollar (S$=)=$0.03. Call option strike price =$1.56. Put option strike price =$1.53. . One option contract represents S$70,000. (a) Determine the break-even point(s) for a straddle. (b) Construct a contingency graph for a short straddle using these options. (c) Construct a contingency graph for a long straddle using these options. (d) If the spot price of the dollar at option expiration is $1.55, what is the total profit or loss to the straddle buyer

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