Value of 1 unit of currency A in units of currency B - (Value of currency A in $V/(Value of currency B in $) p = [(FR-S)/S] X (360) p = [(1 + i)/(1+2) - 1 Assume that a British pound put option has a premium of $.04 per unit and an exercise price of $1.60. The present spot rate is $1.63. The expected future spot rate on the expiration date is $1.50. The option will be exercised on this date, if at all. What is the expected per unit net gain (or loss) resulting from purchasing the put option? $.13 loss $.13 gain $.06 gain $,06 loss $.03 loss