sume that a speculator purchases a put option on British pounds (with a strike price of $1.50) for $.04 per unit. A pound option represents 31,250 units. Assume that at the time of the purchase, the spot rate of the pound is $1.51 and continually rises to $1.62 by the expiration date. The highest net profit possible for the speculator based on the information above is: O $1,562.50. -$1,250.00. -$625.00. e -$1,562.50