QUESTION 60 Assume the following prices. If a customer wants to sell 1,000,000 for, how much will he get? American Terms (S/E) (S/E) Bid European Terms(/$) (/$) British Pound () 1.4578 Ask 1.4633 Bid Ask 0.6834 0.6860 Euro () 1.1612 1.1615 0.8610 0.8612 O 1,134,512 O 1,212,333 O 1,233,255 1,255,101 QUESTION 61 If the following information holds, the 6-month forward bid price for dollars as denominated in Japanese yen is Pound ($/) Yen (WS) mid bid ask mid bid Spot forward- 114.25 114.2 114.3 1.6525 1.6523 ask 1.6527 1m 114.02 -24 -22 1.6500 -26 -24 forward- 6m 112.10 -220 -210 1.6368 -160 -154 O V24 112/$ 114.22/5 O115.12/$ QUESTION 62 For the next 3 questions suppose the following data holds: Philadelphia Exchange Swiss Franc (SF) 65.21 Calls Puts SF 62,500 cents per unit Vol. Last Vol. Last 64 May 20 1.95 10 0.30 65 May 30 0.50 50 0.50 64 Sep 20 2.10 40 0.40 65 Sep 10 1.20 20 0.65 What is the time value of 65 Sep SF call option? O $.70 $.99 O $1.20 $1.25 O $1.66 QUESTION 63 Suppose you buy one May 64 SF call option on April 22 and the price of SF goes up to $.70 at the expiration. If you exercise the option what is the profit from the investment? One contract of SF option is for SF 62,500. O $2,200.00 $2,531.25 O $2,755.50 $2,812.50 O $3,335.50 QUESTION 64 Suppose you buy one May 65 SF put option on April 22 and the price of SF goes down to $.60 at the expiration. If you exercise the option what is the profit from the investment? One contract of SF option is for SF 62,500. O $2,200.00 O $2,531.25 O $2,755.50 $2,812.50 O $3,335.50