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A speculator is considering the purchase of five three - month Japanese yen call options with an exercise price of $ 0 . 0 0
A speculator is considering the purchase of five threemonth Japanese yen call options with an exercise price of $ per yen. Each option contract is for yens. The option premium is $ per yen. The spot price is $ per yen and the day forward rate is $ per yen. What will be the speculators profit if the yen appreciates to $ per yen at option expiration?
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