Ch.4 Currency Derivatives 1 - You purchase a call option on British pounds for a premium of $.04 per unit with an exercise price of $165. The option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $1.67, your net profit or net loss per unit is: 2- The premium on a euro call option is $.02. The exercise price is $1.32. The break-even point is