Q2. You purchased a call option on British pounds for $.06 per unit. The strike price was $1.66 and the

spot rate at the time the option was exercised was $1.76. Assume there are 31,250 units in a British

pound option. What was your net profit on this option?

Q.3 You purchased a put option on British pounds for $.04 per unit. The strike price was $1.74 and the

spot rate at the time the pound option was exercised was $1.62. Assume there are 31,250 units in a

British pound option. What was your net profit on the option?

Q4. You sold a call option on Canadian dollars for $0.01 per unit. The strike price was $0.80, and the

spot rate at the time the option was exercised was $0.91. Assume Faisal 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 your net profit on the call option?

please write the law used