Gabby Aranguiz writes a call option on British pounds for $.05 per unit. The strike price is $1.50 = 1 pound. Assume there are 31,250 units in a British pound option. What is Gabbys net profit or loss on this option for the following rates; 1.30/, 1.40/, 1.43$/, 1.50$/, 1.53$/, 1.55$/, 1.60$/, 1.70/,? Indicate if the option is in the money, at the money, or out of the money. Draw an appropriate graph of your results. Why would Gabby write a call option? Why would someone buy a call option?