e. 1.0858/SE d. $1.1059/SF 25. Fundamental and Powerful Concept 04: Andrew is a speculator who buys 10 British pound call option contracts with a strike price of $1.2480/ and a June expiration date. The current spot price is $1.2460/. Andrew pays a premium of $.0340/ for the call option. One option contract specifies 31,250 pounds. If at expiration the spot price is $1.2470/. What is the profit or loss for Andrew? a. $10,312.5 loss. b. $3,125 gain. c. $10.937.5 loss. d. $10,625 loss. e. $3,125 loss