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Judy Ann works as a currency speculator for Hahira Capital. She wants to be a holder of an option. The current spot rate is 125/5

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Judy Ann works as a currency speculator for Hahira Capital. She wants to be a holder of an option. The current spot rate is 125/5 She must choose between the following 90 day options on the Japanese yen Option Strike Price Premium Put on yen 13005 $0 000167 Call on yen 120/$ $0 00032 If she believes the value of the US dollar will decrease significantly against the Japanese yen, what is her breakeven price on the option that she needs to hry? 115.6069/5 132.1021/8 122 5490/5 120.1923/5

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