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Euro/Japanese Yen. A French firm is expecting to receive 10.4 million in 60 days as a result of an export sale to a Japanese semiconductor

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Euro/Japanese Yen. A French firm is expecting to receive 10.4 million in 60 days as a result of an export sale to a Japanese semiconductor firm. What will it cost, in total, to purchase an option to sell the yen at 0.0072/? (See table for initial values.) The cost, in total, to purchase an option to sell the yen at 0.0072/JPY is X. (Round to the nearest cent.) A Japanese firm wishing to buy or sell euros (the foreign currency) A European firm wishing to buy or sell yen (the foreign currency) Variable Value Variable Value rd 2.1870 % rd 0.0875 % Domestic interest rate (% p.a.) Foreign interest rate (% p.a.) Volatility (% p.a.) rf 0.0875 % rf 2.1870 % S 10.000 % S 10.000 % d1 -0.45027 d1 -0.41267 d2 -0.49081 d2 -0.45321 0.32626 0.33993 N(D1) N(d2) N(01) N(02) 0.31178 0.32520

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