YU Inc. has constructed a long euro straddle. A call option on euros with an exercise price of $1.10 has a premium of $.025 per unit. A euro put option has a premium of $.017 per unit. Some possible euro values at option expiration are shown in the following table. Value of Euro at Option Expiration $.90 $1.05 $1.50 $2.00 Call Put Net spot rate. a. Complete the worksheet and determine the net profit per unit to YU Inc. for each possible future b. Determine the break-even point(s) of the long straddle. What are the break-even points of a short straddle using these options? Assume the following options are currently available for British pounds (): Call option premium on British pounds - $.04 per unit Put option premium on British pounds = $.03 per unit Call option strike price - $1.56 Put option strike price = $1.53 One option contract represents 31,250. Construct a worksheet for a long strangle using these options for the following future values: $1.40, $1.53, $1.56, and $1.65 b. Determine the break-even point(s) for a strangle. c. If the spot price of the pound at option expiration is $1.55, what is the total profit or loss to the strangle buyer? d. If the spot price of the pound at option expiration is $1.50, what is the total profit or loss to the strangle writer