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Jasper Pernik is a currency speculator who enjoys betting on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is $129/5 and the 6-month forward rate is #128/5, Josper thinks the yen will move to 4131/5 in the next six months. If Jasper buys $76,000 worth of yen at today's spot price and sells within the next six months of #1315, he will earn a profit of Profit 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 126/6 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 #134 the premium is w2/ a) Assume the euro's spot price at the expiration date market price) is 134 The investor's profit b) Assume the euro's spot price at the expiration date market price is $1221 The investor's profit VE c) What is the maximum loss Maximum loss WIE