Using the market data in Exhibit $7\mathrm{.}6,$ show the net terminal value of a long position in one $112$ June Japanese yen European put contract at the following terminal spot prices $($stated in U$.$S$.$ cents per $100$ yen$)$: $\backslash (100,104,112,118\backslash ),$ and $122.$ Ignore any time value of money effect.

Required: $\backslash (\backslash$square $\backslash )$

Note: A Negative value should be indicated with a minus sign. EXHIBIT $7\mathrm{.}6$

PHLX World Currency Options Quotations

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|$l$|\}$

$\backslash$hline NASDAQ OMX PHLX Options & & Calls & Puts & $\backslash \backslash$

$\backslash$hline Japanese Yen & & & & $110\mathrm{.}07\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{1,000,000\}\backslash )$ J$.$Yen$-100$ths of a cent per unit. & & & & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{109\}\backslash )$ & June & $1\mathrm{.}56$ & $1\mathrm{.}30$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{110\}\backslash )$ & June & $1\mathrm{.}05$ & $1\mathrm{.}78$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{111\}\backslash )$ & June & $0\mathrm{.}66$ & $2\mathrm{.}38$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{112\}\backslash )$ & June & $0\mathrm{.}39$ & $3\mathrm{.}10$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{109\}\backslash )$ & Septemper & $1\mathrm{.}86$ & $2\mathrm{.}32$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{110\}\backslash )$ & Septemper & $1\mathrm{.}40$ & $2\mathrm{.}89$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{111\}\backslash )$ & Septemper & $1\mathrm{.}03$ & $3\mathrm{.}53$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{112\}\backslash )$ & Septemper & $0\mathrm{.}74$ & $4\mathrm{.}24$ & $\backslash \backslash$

$\backslash$hline Euro & & & & $113\mathrm{.}14\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{10,000\}\backslash )$ Euro$-$cents per unit. & & & & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{111\}\backslash )$ & June & $3\mathrm{.}41$ & $0\mathrm{.}41$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{111.5\}\backslash )$ & June & $3\mathrm{.}01$ & $0\mathrm{.}50$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{112\}\backslash )$ & June & $2\mathrm{.}63$ & $0\mathrm{.}62$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{112.5\}\backslash )$ & June & $2\mathrm{.}28$ & $0\mathrm{.}75$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{113\}\backslash )$ & June & $1\mathrm{.}94$ & $0\mathrm{.}91$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{111\}\backslash )$ & Septemper & $4\mathrm{.}54$ & $0\mathrm{.}72$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{112\}\backslash )$ & Septemper & $3\mathrm{.}78$ & $0\mathrm{.}94$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{113\}\backslash )$ & Septemper & $3\mathrm{.}09$ & $1\mathrm{.}23$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{114\}\backslash )$ & Septemper & $2\mathrm{.}47$ & $1\mathrm{.}59$ & $\backslash \backslash$

$\backslash$hline $\backslash (\backslash$mathbf$\{115\}\backslash )$ & Septemper & $1\mathrm{.}92$ & $2\mathrm{.}04$ & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$