The current spot rate is $1.600 / . Jimmy Pools bought two 90 - day European options contracts on 62,500 today as follows: - A call option with a strike price of $1.640/ and a premium of 0.5%. - A put option with a strike price of $1.560/ and a premium of 0.5%. At what exchange rate will Jimmy break even? His call option will break even at and his put option will break even at $1.688/,$1.528/ $1.608/,$1.608/ $1.608/,$1.592/ $1.648/,$1.552/