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4 pts Question 21 The current spot exchange rate is $1.65 = 1.00 and the...

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4 pts Question 21 The current spot exchange rate is $1.65 = 1.00 and the three-month forward rate is $1.50 = 1.00. Consider a three-month American put option on 62,500 with a strike price of $1.65 1.00. If you pay an option premium of $5,000 to buy this put, at what exchange rate will you break-even? $1.57-1.00 $1.42 = 1.00 $1.47-1.00 $1.65 1.00

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