Question: Using the market data in Exhibit 25, show the net terminal value of a long position in one 111 June Japanese yen European call contract

Using the market data in Exhibit 25, show the net terminal value of a long position in one 111 June Japanese yen European call contract at the following terminal spot prices (stated in US cents per 100 yen): 100, 104, 109, 114, and 118 Ignore any time value of money effect.

Required:

Note: A Negative value should be indicated with a minus sign.

Terminal spot prices | Net Terminal Value

100

104

109

114

115

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