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A speculator is considering the purchase of two three-month Japanese yen call options with an exercise price of $0.0096 per yen. Each option contract is

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A speculator is considering the purchase of two three-month Japanese yen call options with an exercise price of $0.0096 per yen. Each option contract is for 1,000,000 yens. The option premium is $0.000115 per yen. The spot price is $0.009528 per yen and the 90 -day forward rate is $0.009571 per yen. What will be the speculator's loss if the yen appreciates to $0.009571 per yen? Do not enter your answer as a negative amount (i.e., do not type a negative in front of your answer). Question 6 5 pts Harmony is a South African mining company that exports 18 ounces of gold to the US. Gold is priced in US dollars but Harmony's workers are paid in rand (the currency of South Africa). The current price of gold is 1,663 dollars per ounce. The current exchange rate is 18 rand (R) per $1. Harmony's current mining costs are R13,000 per ounce. Expected one-year inflation rates are 2 in the U.S. and 5 in South Africa (in\%). What is Harmony's current level of profitability (in rands)? A speculator is considering the purchase of two three-month Japanese yen call options with an exercise price of $0.0096 per yen. Each option contract is for 1,000,000 yens. The option premium is $0.000115 per yen. The spot price is $0.009528 per yen and the 90 -day forward rate is $0.009571 per yen. What will be the speculator's loss if the yen appreciates to $0.009571 per yen? Do not enter your answer as a negative amount (i.e., do not type a negative in front of your answer). Question 6 5 pts Harmony is a South African mining company that exports 18 ounces of gold to the US. Gold is priced in US dollars but Harmony's workers are paid in rand (the currency of South Africa). The current price of gold is 1,663 dollars per ounce. The current exchange rate is 18 rand (R) per $1. Harmony's current mining costs are R13,000 per ounce. Expected one-year inflation rates are 2 in the U.S. and 5 in South Africa (in\%). What is Harmony's current level of profitability (in rands)

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