Jim is a speculator . He buys a British pound call option with a strike of $1.4 and a June settlement date. Current spot price as of that date is $1.31. He pays a premium of $0.10 per unit for the call option. Just before the expiration date, the spot rate of the British pound is $1.51 per GBP. At that time, he exercises the call option and sells the pounds at the spot rate to a bank. One option contract specifies 31,250 units. What is Jim's profit or loss? Assume Linda is the seller of the call option. What is Linda's profit or loss? For the toolbar, press ALT+F10 (PC) or ALT+FM+F10 (Mac)