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Suppose you work for Dryden Intl. Bank as a speculator. The following information about the British pound is available. The exercise price for the pound

Suppose you work for Dryden Intl. Bank as a speculator. The following information about the British pound is available. The exercise price for the pound call option is $1.54 and the premium is $.03. You are considering buying the call option. If you proceed with your plan and buy the call option, the break-even point for you (the buyer of the call) is ________ and the break-even point for the seller of the call is ______ .

$1.51; $1.57

$1.57; $1.51

$1.57; $1.57

$1.51; $1.51

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