The current spot exchange rate is $1.55=1.00 and the three-month forward rate is $1.60=1.00. Consider a three-month American call option on 62,500 with a strike price of $1.50=1.00. If you pay an option premium of $5,000 to buy this call, at what exchange rate will you break-even if you choose to exercise the option? Ignore the time value of money. $1.62=1.00 $1.58=1.00 None of the other answers $1.68=1.00 $1.50=61.00