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Assume the following options are currently available for British pounds (): Call option premium on British pounds = $.04 per unit Put option premium on

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Assume the following options are currently available for British pounds (): Call option premium on British pounds = $.04 per unit Put option premium on British pounds = $.03 per unit Call option strike price = $1.56 Put option strike price - $1.53 One option contract represents 31,250. a. Construct a worksheet for a long strangle using these options for the following future values: $1.40, $1.53, $1.56, and $1.65 b. Determine the break-even point(s) for a strangle. c. If the spot price of the pound at option expiration is $1.55, what is the total profit or loss to the strangle buyer? d. If the spot price of the pound at option expiration is $1.50, what is the total profit or loss to the strangle writer

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