Question: You write a put option on JPY with a strike price of USD0.008/JPY (JPY125.00/USD) at a premium of USD0.0008 per JPY and with an expiration

You write a put option on JPY with a strike price

You write a put option on JPY with a strike price of USD0.008/JPY (JPY125.00/USD) at a premium of USD0.0008 per JPY and with an expiration date six months from now. The option is for JPY12,500,000. Your gain or loss should the option be exercise before maturity at a time when the JPY is traded spot at: 1. JPY110.00/USD would be a of 2. JPY122.00/USD would be a of 3. JPY135.00/USD would be a of . 4.JPY140.00/USD would be a of

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