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3. Suppose you are the treasurer of an LLS. 'll importing calculators horn Japan. You have a $52,500,000 payable due in 90 days, The current

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3. Suppose you are the treasurer of an LLS. 'll importing calculators horn Japan. You have a $52,500,000 payable due in 90 days, The current spot rate is $0.005 per yen, but you expect the Ten to appreciate against the Dollar over the next 00 days and buy a call option contract on Yen. The premium on the option is $00002, and the strike price is $00055. What is the dollar cost of the contract? If the spot rate in 00 days is $00052, do you exercise the option or let it expire? What was your dollar gain or loss from holding the option contract? If the spot rate in '00 days is $00052, do you exercise the option or let it expire? What was your do]lar gain or loss from holding the option contract

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