Handwrite your solutions and answers, then upload it in this discussion board. 1. In the Wall Street Journal, you observe that the British pound (E) is quoted at $1,65. The Australian dollar (A\$) is quoted at $0,60, What is the value of the Australian dollar in British pounds? a. A\$2.75 b. A$O0.36 c. 52.75 d. 50.36 e. None of these are correct. 2. Assume that a British pound put option has a premium of $.03 per unit and an exercise price of $1.60. The present spot rate is $1.61. The expected future spot rate on the expiration date is $1.52. The option will be exercised on this date, if at all. What is the expected per unit net gain (or loss) resulting from purchasing the put option? a. $.01 loss b. $.09 loss c. $.09 gain d. 5.05 gain 3. If you can cornvert 150 Swiss francs to $90 the exchange rate is francs per dollar