You want to buy 1.81 million British pounds (GBP) using call options and foreign exchange market. The following four figures provide the market information on the GBP options, which expires in 4-month. How much can you make a net profit or a net loss for GBP1.81 million if the spot rate is A$1.9937 at the maturity (i.e., after 4 months)?

Contingency graph for purchasers Contingency graph for purchasers of British pound call options of British pound put options +A$0.06 +A$0.06 Exercise price = A$1.50 Exercise price = A$1.50 +A$0.04 Premium = A$0.02 4A$0.04 Premium = A$0.03 +A$0.02 +A$0.02 Future Spot Rate Future spot rate Net profit per unit Net profit per Unit A$1.46 A$1.48 A$1 50/$1.52 A$1.54 A$1.46 ASMBA$1 50 A$1.52 A$1.54 -A$0.02 A$0.02 -A$0.04 A$0.04 -A$0.06 A$0.06 Contingency graph for sellers of Contingency graph for sellers of British pound call options British pound put options +A$0.06 +A$0.06 Exercise price = A$1.50 Exercise price = A$1.50 +A$0.04 Premium = A$0.02 +A$0.04 Premium = A$0.03 +A$0.02 +A$0.02 Net profit per unit Net profit per unit A$1.46A$1 48A$1.50A$1.52)$1.54 AST46 A$1 48A$1 50A$1.52 A$1.54 A$0.02 A$0.02 Future spot rate Future spot rate A$0.04 -A$0.04 -A$0.06 A$0.06