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a) What is your profit on a long European put option on the EURUSD with an option premium of 0.03 with a strike of EURUSD

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a) What is your profit on a long European put option on the EURUSD with an option premium of 0.03 with a strike of EURUSD of 1.2913 that has a spot price of 1.2811 ? b) Forecasters have determined that the EURUSD spot price will appreciate in the next week. What effect will that have on the put option premiums on those EURUSD contracts and why

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