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For problems I 6 , 1 7 , and 1 8 , determine the profit from the following basic foreign currency option transactions for each

For problems I6,17, and 18, determine the profit from the following basic foreign currency option transactions for each of the following spot rates at expiration: $0.90, $0.95, $1.00, $1.05, and $1.10. Construct a profit grapht. Find the breakeven spot rate at expiration. Assume that each contract covers 100,000 euros.
16. A call option on the euro expiring in six months has an exercise price of $1.00 and is priced at $0.0385. Construct a simple long position in the call.
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