You bought British pound put option at a premium of $0.07 per unit. The exercise price is $1.73. The option expires in three months. In three months (right before your option expires) you can buy British pounds for a) $1.53 b) $1.73 c) $1.93 per unit in the spot market. What will your net profit for each case? Show all work.

Net Profit a)

Net Profit b)

Net Profit c)