Problem $7\mathrm{.}11$ Calandra Panagakos at CIBC

Calandra Panagakos works for CIBC Currency Funds in Toronto. Calandra is something of a contrarian $-$ as opposed to most of the forecasts, she believes the Canadian dollar $($C$$)$ will appreciate versus the U$.$S$.$ dollar over the coming $90$ days. The current spot rate is $$\frac{0\mathrm{.}6750}{C}$$$.$ Calandra may choose between the following options on the Canadian dollar:

$\backslash$table$[[,$Strike Price,Premium$],[$Out on C$$,$$$0\mathrm{.}7000,$$$\frac{0\mathrm{.}00003}{S}$$