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 123/6. When the investor purchases the contract, the spot rate of the euro is equivalent to 125/C. Assume the euro's spot price at the expiration date (market price) is 134/. the premium is 4/C. a) Assume the euro's spot price at the expiration date (market price) is 134/C The investor's profit = V/C b) Assume the euro's spot price at the expiration date (market price) is 121/ The investor's profit = Yie c) What is the maximum loss Maximum loss = X/C