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4 8 Using the market data in Exhibit 7 . 6 , show the net terminal value of a long position in one 1 0

48
Using the market data in Exhibit 7.6, show the net terminal value of a long position in one 109 September Japanese yen European put contract at the following terminal spot prices (stated in U.S. cents per 100 yen): 101,105,110,115, and 119. Ignore any time value of money effect.
Required:
Note: A Negative value should be indicated with a minus sign.
01:27:28
\table[[\table[[Terminal spot],[prices]],\table[[Net terminal],[value]]],[101,],[105,],[110,],[115,],[119,]]
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