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A speculator is considering the purchase of 100 three-month Japanese yen call option. Each option has a strike price of $0.96 per 100 yen, and

A speculator is considering the purchase of 100 three-month Japanese yen call option. Each option has a strike price of $0.96 per 100 yen, and the option price is $0.014 per 100 yen. The spot exchange rate is $0.9528 per 100 yen and the three-month forward rate is $0.9571 per 100 yen. If the yen appreciates to $1.00 per 100 yen over the next three months, what will be the speculator's profit?

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