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48) Using the market data in Exhibit 7.6, calculate the net terminal value of a long position in one 110 Sep Japanese yen European put

48) Using the market data in Exhibit 7.6, calculate the net terminal value of a long position in one 110 Sep Japanese yen European put contract at the terminal spot price (stated in U.S. cents per 100 yen) of 109. Ignore any time value of money effect. (USD, no cents)

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