The current spot exchange rate is $1.11=1.00 and the three-month forward rate is $1.15=1.00. You buy a call option on 62,500 with a strike price of $1.09= 1.00 and pay an option premium (price) of $2500. At expiration, at what exchange rate will you break-even? $1.19=1.00$1.05=1.00$1.07=1.00$1.11=1.00$1.13=1.00$1.15=1.00