Cachita works as a currency speculator for Vatic Capital of Los Angeles. Her latest speculative position is to profit from her expectation that U.S. dollar will rise significantly against the Japanese yen to 140/$ in July. The current spot rate is 120.00/$. She can choose between the following options on the Japanese yen: Option Aug put on yen Aug call on yen Strike Price $0.00800 $0.00800 Premium $0.00003 $0.00046 a. Should Cachita buy a put on yen or a call on yen? b. What is Cachita's breakeven price on the option purchased in part (a)? C. Using your answers from part (a), what is Cachita's profit if the spot rate at the end of 90 days is indeed 140/$