You purchased a call option on euros with a strike price of $1.95 per euro. Required: Is your call option in-the-money if euros are trading at $1.90 per euro in the spot market at maturity? If euros are trading at $1.90 per euro in the spot market at maturity, will you exercise your call option or let it expire? If the spot rate at maturity is $2.05 per euro, will you exercise this option