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Today is the expiration day of a call option on the Swiss franc that you purchased two weeks ago when the spot rate was $1.0538/SF.

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Today is the expiration day of a call option on the Swiss franc that you purchased two weeks ago when the spot rate was $1.0538/SF. The strike rate on the option is $1.0520/SF and the premium was $0.0260/SF. a. What were the intrinsic value and the time value of the call at the time of purchase? b. If today's spot rate is $1.0980 /SF, would you exercise? Why? How much would your payoff be? How much would your profit/loss be? c. Repeat part b under the assumption that today's spot rate is $1.0210/SF. d. At what expiration spot rate would you break even

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