Cece Cao in Jakarta. Cece Cao trades currencies for Sumatra Funds in Jakarta She focuses nearly all of her time and attention on the US dollar/Singapore dollar (S/SS) cross rate. The current spot rate is 50 6000/S$ After considerable study, she has concluded that the Singapore dollar will appreciate versus the US dollar in the coming 90 days, probably to about $0.7000/SS. She has the following options on the Singapore dollar to choose from a. Should Cece buy a put on Singapore dollars or a call on Singapore dollars? b. What is Cece's breakeven price on the option purchased in parta? c. Using your answer from part a, what is Cece's gross profit and net profit (including premium) if the spot rate at the end of 90 days is indeed 50.7000/5$? d. Using your answer from part a, what is Cece's gross proft and net profit (including premium) if the spot rate at the end of 90 days is 50 8000/5$? (Click on the icon to import the table into a spreadsheet) Option Strike Price Put (US$/Singapore dollar) 0.6500 Call (US$/Singapore dollar) 0.6500 Premium 0.00003 0.00046 n