Assume you buy a call option for 31,250 with a strike price of $1.330/E and a premium of $.005/E. Assume you buy a put option for 31,250 with a strike price of $1.310/E and a premium of S.O/E 1. Turn in a spreadsheet (Use Excel) (50 points) Examine the payoffs from possible ending spot rates of $1.270/E to $1.370/E with increments of $.005. (i.e., .270, l .275, 1.230, , 1.365, 1.370) Build a spreadsheet exactly as we did in class to show the payments, receipts and net position for each option and spot rate. For example Spot rates 1.270 1.275 1.280 1.285 Call Payments Premium Option Exercise? Call Receipts Spot sale of E ? ? Call Net Position