The exchange rate for Japanese yen is \($0.0069\) per yen, and a put option has a strike price of \($0.0070.\) An investor has two yen put options. If the holder were to exercise the put option, how much profit would he realize? (Hint: see table 6.5 for the size of a contract for yen put options and ignore option premium.)

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Table 6.5 Currency options prices traded on the Philadelphia Exchange Currency Australian dollar British pound Canadian dollar Euro Japanese yen Swiss franc Contract size A$50,000 31,250 Can$50,000 62,500 6,250,000 SFr62,500