Baradan Kuppusamy works as a currency speculator for Valdor Capital headquartered in Kuala Lumpur. His most recent speculative position is to profit from his expectation that the Thai baht $($THB$)$ will rise significantly against the Malaysian ringgit $($MYR$).$ The current spot rate is MYR$0\mathrm{.}16/$THB$.$ The strike price and various premiums for $90-$day options are shown in the below:

Put Option $$ Strike price $=$ MYR $0\mathrm{.}20/$THB

Put Option $-$ Premium for Thai Baht $=$ MYR $0\mathrm{.}0008/$THB

Put Option $$ Premium for Malaysian ringgit $=$ THB $0\mathrm{.}005/$MYR

Call Option $$ Strike Price $=$ MYR $0\mathrm{.}20/$THB

Call Option $-$ Premium for Thai Baht $=$ MYR $0\mathrm{.}0004/$THB

Call Option $-$ Premium for Malaysian ringgit $=$ THB $0\mathrm{.}0025/$MYR

Questions:

$($a$)$ Suppose Baradan Kuppusamy is to choose between the $90-$day options on the Thai Baht.

$($i$)$ Should Baradan buy a put on Thai Baht or a call on Thai Baht?

$($ii$)$ What is Baradan$$s break$-$even price on the option purchased in part $($a$)($i$)?$

$($iii$)$ Using your answer from part $($a$)($i$),$ what are Baradan$$s gross profit and net profit $($including premium$)$ if the spot rate at the end of $90$ days is MRY$0\mathrm{.}25/$THB$?$

$($b$)$ Suppose Baradan Kuppusamy is to choose between the $90-$day options on the Malaysian riggit instead.

$($i$)$ Should Baradan buy a put on Malaysian ringgit or a call on Malaysian ringgit?

$($ii$)$ What is Baradan$$s break$-$even price on the option purchased in part $($b$)($i$)?$