PUSILIOLI (c) what is the total gain or loss on the posilol! 27. (a) You purchase a call option on pounds for a premium of $0.03 per unit, with an exercise price of $1.64; the option will not be exercised until the expiration date, if at all. If the spot rate on the expiration date is $1.65, find your net profit per unit (pound) (b)The existing spot rate of the Canadian dollar is $0.82. The premium on the Canadian dollar put option is $0.04. The exercise price is $0.81. The option will be exercised on the expiration date if at all. If the spot rate on the expiration date is $0.87, calculate (i) the profit and (ii) effective sale price of the Canadian dollar at expiration (c) Mike Suerth sold a call option on Canadian dollars for S.01 per unit. The strike price was 5.76, and the spot rate at the time the option was exercised was S.82. Assume Mike did not obtain Canadian dollars until the option was exercised. Also assume that there are 50,000 units in a Canadian dollar option. What was Mike's net profit on the call option