Cachita Haynes works as a currency speculator for Vatic Capital of Los Angeles. The current spot rate is 120.00/$. She must choose between the following 90-day options on the Japanese yen:

Option Strike Price Premium

Put on yen $0.00800/ $0.00003/

Call on yen $0.00800/ $0.00046/

What is Cachita's breakeven price to buy a call?

a. 0.00503 b. 0.005046 c. 0.00603 d. 0.00846 e. 0.00803 f. 0.007970 in (dollar/yen)

What is Cachita's breakeven price to buy a put?

a. 0.00503 b. 0.005046 c. 0.00603 d. 0.00846 e. 0.00803 f. 0.007970 in (dollar/yen)

When Cachita buys a put and the spot rate is 120.00/$, the gain of loss per yes is $.