Suppose that you have collected the following market data:

Spot rate now: USD 1.38/GBP

3-month forward: USD 1.35/GBP

Call option: strike price USD 1.4/GBP, premium $0.04/GBP

Put option: strike USD 1.4/GBP, premium $0.03/GBP.

Plot the pay-off for the [1] Buyer of the forward contract, [2] seller of the call option, [3] buyer of the put option.

You are considering buying the call option. What will be your pay-off if the market rate is USD 1.35/GBP?