Assume that a three-month call option for British pounds with a strike price of $1.10costs8 cents. The current spot rate of ( $ Pound) is $1.12. Find the following: Question 23: The speculative premium Question 24: The rate of return, by investing in this call option, assuming that the pound does not appreciate or depreciate in value by the expiration date. Question 25: For what rate of appreciation or depreciation in the British pound would your rate of return on the call option be equal to zero? Answer: Question 26: For what rate of appreciation or depreciation in the British pound your rate of return will be 100%