An investor is bullish on the euro and believes it will increase against the Japanese Yen. The investor purchases a currency call option on the euro with a strike price (exchange rate) of 123/. When the investor purchases the contract, the spot rate of the euro is equivalent to 125/. Assume the euro's spot price at the expiration date (market price) is $133/. the premium is $1 a) Assume the euro's spot price at the expiration date market price) is $133/6 The investor's profit ME b) Assume the euro's spot price at the expiration date market price is 121/ The investor's profit = 1 VIE c) What is the maximum loss Maximum loss M