John Adams currencies for Bank fo America in New York. He focuses nearly all of her time and attention on the US dollar/ GBP -CROSSRATE. The current spot rate is $0.6200/ After considerable study, he has concluded that the GBP will appreciate versus the USD in the coming 90 days, probably to about $0.7500/6 He has the following options on the GBP to choose from: A Should James buy a put on GBP or a call on GBP? B What is James's break-even price on the option purchased in part I C Using your answer from part I, what is James's gross profit and net profit (including premium) if the spot rate at the end of 90 days is needed $0.7000/f ? D Using your answer from part 1 , what is James's gross profit and net profit (including premium) if the spot rate at the end of 90 days is needed $0.8000/6 ? e Illustrate John Adams position for part I John Adams currencies for Bank fo America in New York. He focuses nearly all of her time and attention on the US dollar/ GBP -CROSSRATE. The current spot rate is $0.6200/ After considerable study, he has concluded that the GBP will appreciate versus the USD in the coming 90 days, probably to about $0.7500/6 He has the following options on the GBP to choose from: A Should James buy a put on GBP or a call on GBP? B What is James's break-even price on the option purchased in part I C Using your answer from part I, what is James's gross profit and net profit (including premium) if the spot rate at the end of 90 days is needed $0.7000/f ? D Using your answer from part 1 , what is James's gross profit and net profit (including premium) if the spot rate at the end of 90 days is needed $0.8000/6 ? e Illustrate John Adams position for part