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Suppose Suppose Y 0 = 145 yen/dollar, Nikkei moved from 38,000 to 30,000, then dollar appreciate to Y 1 = 150 yen/dollar, (a) Calculate GSs

Suppose Suppose Y₀= 145 yen/dollar, Nikkei moved from 38,000 to 30,000, then dollar appreciate to Y₁= 150 yen/dollar,

(a) Calculate GSs payoff from its raw materials, its long position in Nikkei put warrants

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