Using the market data in Exhibit 7.6, show the net terminal value of a long position in one 90 Sep Japanese yen European call contract at the following terminal spot prices, cents per yen: 81, 85, 90, 95, and 99. Ignore any time value of money effect.

EXHIBIT 7.6 PHLX World Currency Options Quotations 92 Sep Sep Sep NASDAQ OMX PHLX Options Calls Puts Japanese Yen 90.94 1,000,000 J.Yen-100ths of a cent per unit. 89 Jun 2.11 .58 90 Jun 1.47 .95 91 Jun .99 1.46 Jun .64 2.11 89 3.15 1.36 90 2.60 1.80 91 2.13 2.32 92 Sep 1.74 2.93 Euro 112.01 10,000 Euro-cents per unit. 111 Jun 1.83 .66 111.5 1.52 .83 112 Jun 1.23 1.04 112.5 Jun .96 1.28 113 Jun .76 1.57 Sep 3.38 1.83 111.5 Sep 3.05 112 Sep 2.76 2.22 112.5 Sep 2.48 2.44 113 2.22 2.68 Source: Mid-prices compiled from bid and ask quotations obtained from Bloomberg on Friday, May 20, 2016. Jun 111 2.02 Sep