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Japanese firm wishing to sell U.S. dollars would need to purchase a put on dollars. The put option premium listed above is JPY3.06/$. Put option

Japanese firm wishing to sell U.S. dollars would need to purchase a put on dollars. The put option premium listed above is JPY3.06/$. Put option premium (JPY/US$) JPY 3.06 Notional principal (US$) $750,000 Total cost (JPY) JPY 2,297,243

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