Baradan Kuppusamy works as a currency speculator for Valdor Capital head quartered in Kuala Lumpur. His most recent speculative position is to profit from his expectation that the Thai baht will rise significantly against the Malaysian ringgit. The current spot rate is RM0.1382/THB. He must choose between the following 90-day options on the Malaysianringgit. Option Premium Put on Malaysian ringgit Call on Malaysian ringgit Strike Price MYR0.1600 THB MYR0.1600/THB THB0.005 THB0.0025 a. Should Baradan buy a put on Malaysian Ringgitor a call on Malaysian Ringgit? b. What is Baradan's break-evenprice on theoptionpurchase in part (a)? 4. Using youranswerfrompart (a). whatareBaradan'sgrossprofitand net profit (includingpremium ifthe spot rate at theend of 90 days is RM0.2000/THB