The following June contracts for New Zealand dollars are available: A put option with a strike price of $.55, selling for $.041 A call option with a strike price of $.55 , selling for $.028 Under what conditions (expectation for June spot rates) would a speculator want to take a reverse straddle position in NZD here? Specifically, what range of spot rates would lead to expected profits for such a speculator? Show any calculations and draw the contingent profit graph for the short straddle position.