Calandra Panagakos works for CIBC Currency Funds in Toronto. Calandra is something of a contrarian as opposed to most of the forecasts, she believes the Canadian dollar (cs) will appreciate versus the U.S. dollar over the coming 90 days. The current spot rate is $0.6750/cs. Calandra may choose between the following options on the Canadian dollar Option Strike Price Premium Put on C$ S0.7000 S0.00003/cs Call on CS S0.7000 50.00049/cs a. Should Calandra Buy a put on Canadian dollars or a call on Canadian dollars? b. What is Calandra's breakeven price on the option purchased in part (a)? c. Using your answer from part (a), what is Calandra's gross profit and net profit (including premium) if the spot rate at the end of 90 days is indeed 50.6500? d. Using your answer from part (a), what is Calandra's gross profit and net profit (including premium) if the spot rate at the end of 90 days is $0.8250? Draw graphs that show the payoff and profit e