Suppose you believe that the Canadian dollar (C$) will appreciate vs. the US$ over the coming 180 days. The current spot is $0.7850/C$. You may choose between the following options on the Canadian dollar: Option Strike Price Premium Put on C$ $0.85/ C$ $0.0007/C$ Call on C$ $0.85/ C$ $0.0421/C$ a) Which option would you buy (call vs. put)? Justify your decision. b) Using the choice in (a), what is the break-even price? c) Using the choice in (a), what are the gross and net profit (including the premium) if the spot rate at the end of the 180 days is $0.885/C$? d) Using the choice in (a), what are the gross and net profit (including the premium) if the spot rate at the end of the 180 days is $0.946/ C$?