Arthur Doyle at Baker Street. Arthur Doyle is a currency trader for Baker Street, a private investment house in London. Baker Street's clients are a collection of wealthy private investors who, with a minimum stake of 250,000 each, wish to speculate on the movement of currencies. The investors expect annual returns in excess of 25%. Although officed in London, all accounts and expectations are based in U.S. dollars. Arthur is convinced that the British pound will slide significantlypossibly to $1.3200/in the coming 30 to 60 days. The current spot rate is $1.4257 / . Arthur wishes to buy a put on pounds which will yield the 25% return expected by his investors. Which of the following put options would you recommend he purchase? Prove your choice is the preferable combination of strike price, maturity, and up-front premium expense. A A Strike Price Maturity Premium $ 1.36 ] 30 days $ 0.00081 I $ 1.34 / 30 days $ 0.00021 I $ 1.32 30 days $ 0.00004 / $ 1.36 60 days $ 0.00332 I $ 1.34 60 days $ 0.00152 / Because his expectation is for "30 to 60 days" he should confine his choices to the A A V-day options to be sure and capture the timing of the exchange rate change. (Select from the drop-down menu.) Arthur Doyle at Baker Street. Arthur Doyle is a currency trader for Baker Street, a private investment house in London. Baker Street's clients are a collection of wealthy private investors who, with a minimum stake of 250,000 each, wish to speculate on the movement of currencies. The investors expect annual returns in excess of 25%. Although officed in London, all accounts and expectations are based in U.S. dollars. Arthur is convinced that the British pound will slide significantlypossibly to $1.3200/in the coming 30 to 60 days. The current spot rate is $1.4257 / . Arthur wishes to buy a put on pounds which will yield the 25% return expected by his investors. Which of the following put options would you recommend he purchase? Prove your choice is the preferable combination of strike price, maturity, and up-front premium expense. A A Strike Price Maturity Premium $ 1.36 ] 30 days $ 0.00081 I $ 1.34 / 30 days $ 0.00021 I $ 1.32 30 days $ 0.00004 / $ 1.36 60 days $ 0.00332 I $ 1.34 60 days $ 0.00152 / Because his expectation is for "30 to 60 days" he should confine his choices to the A A V-day options to be sure and capture the timing of the exchange rate change. (Select from the drop-down menu.)