Consider the same market prices as in the previous problem. If you purchase both the put and the call options, what are the two breakeven spot prices? What is your maximum possible loss on this position? Calculate your net profit if the spot rate is $0.6850/C$ and $0.5100/C$.

Previous problem

Option ---Strike Price --- Premium

Put ---- $0.60/C$ ---- $0.0007/C$

Call --- $0.60/C$ $ ----- 0.0429/C$