The current spot exchange rate is $1.58 = 1.00 and the three-month forward rate is $1.56 = 1.00. You buy a put option on 62,500 with a strike price of $1.63 = 1.00 and pay an option premium (price) of $5000. At expiration, at what exchange rate will you break-even? Answer Options: $1.50 = 1.00 $1.48 = 1.00 $1.71 = 1.00 $1.66 = 1.00 $1.64 = 1.00 $1.55 = 1.00