U.S. Dollar/Japanese Yen. What would be the premium expense, in home currency, for a Japanese firm to purchase an option to sell 750,000 U.S. dollars, assuming the initial values listed in the FX Option Pricing workbook?

An Excel workbook entitled FX Option Pricing is downloadable from this book’s Web site. The workbook has five spreadsheets constructed for pricing currency options for the following five currency pairs (dollar/euro shown here):
U.S. dollar/euro, U.S. dollar/Japanese yen, euro/Japanese yen, U.S. dollar/British pound, and euro/British pound. Use the appropriate spreadsheet from the workbook to answer this problem.