Assume that you have purchased a put option on Euro ( EUR ) for a premium of $ 0.0200 with an exercise price of $ 1.2400 . ( a ) If on the expiration date the spot rate of Euro is $ 1.2745 , will you exercise the put option if you are a rational investor ? Why or why not ? ( b ) What is your overall net gain or loss for owning this put option per unit in U.S. dollars as a rational investor ? ( c ) What is your overall net gain or loss per contract in U.S. dollars if the contract size is 62,500 as a rational investor ?