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You buy a PUT option for the GBP with a premium of 0.04$ and a strike price of GBP/USD= 1.21. a) Compute the profit or

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You buy a PUT option for the GBP with a premium of 0.04$ and a strike price of GBP/USD= 1.21. a) Compute the profit or loss at the end of the contract for the following future spot rates: GBP/USD= 1.22, GBP/USD=1.19, GBP/USD=1.16. b) Compute the breakeven rate

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