Please use the following information for the next 2 questions. A trader predicts that there will be great price movement

[answerhappygod]

Please use the following information for the next 2
questions.
A trader predicts that there will be great price movements of
USD/British Pounds in the near future but does not know which
direction the price will move, so he decides to use the
“long strangle forex options trading strategy” to
make money in the forex market. The information for the call
options and put options and put available for him are given
below:
• Call option premium on British Pounds (£) = $.008
• Put option premium on British Pounds (£)= $.006
• Call option strike price 1£= $1.62
• Put option strike price 1£= $1.63
• One option contract represents £100,000
Question 3 (2.75 points)
What is/are the break-even point(s)(i.e., exchange rate(s)) for
this strangle?
If the trader uses two call options contracts and two put
options contracts to construct the long strangle strategy, what
will be the trader’s profit if the spot rate on the option
expiration date is $1.65?