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Kiko Peleh. Kiko Peleh writes a put option on Japanese yen with a strike price of $0.008000=1.00(125.00=$1.00) at a premium of 0.0080/ per yen and
Kiko Peleh. Kiko Peleh writes a put option on Japanese yen with a strike price of $0.008000=1.00(125.00=$1.00) at a premium of 0.0080/ per yen and with an expiration date six months from now. The option is for 12,500,000. What is Kiko's profit or loss at maturity if the ending spot rates are 111,114,121,126, 129, 136, and 140 per dollar? Kiko's profit or loss at maturity if the ending spot rate is 111/$ is $ (Round to the nearest cent and indicate a loss by using a negative sign.) Kiko's profit or loss at maturity if the ending spot rate is 114/$ is $ (Round to the nearest cent and indicate a loss by using a negative sign.)
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