You are given the following information on American options for the Euro against the US dollar, unless otherwise stated Compute the profit or loss for each alternative. Provide computational support for your final answers.

Type of Option Maturity (days) Strike Price $/Euro) Option premium (% of strike price) Spot rate, $/Euro (on day) Profit/loss

PUT (European) 55. 1.4500. 6 1.5000(54)

CALL. 75. 1.5500. 7 1.6500 (74)