Assume that a speculator purchases a European style call option on British pounds for $0.0546 per unit. The strike rate is 1.1205. The pound option represents 125,000 units. Assume that at the time of the purchase, the spot rate of the pound is $1.1336 and changes to $1.1796 by the expiration date. The net profit for the speculator based on the information above is: Answer format: round to two decimals. $1.12