The following September contracts for South African Rand (ZAR) available: A call option with a strike price of $0.072, selling for $.0034 A put option with a strike price of $0.059, selling for $.0022 Under what conditions (expectation for September spot rates) would a speculator want to take a strangle position in ZAR 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 strangle position.