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Suppose Y 0 = 145 yen/dollar, Nikkei moved from 38,000 to 30,000, then dollar depreciate to Y 1 = 110 yen/dollar, (d) Calculate GSs payoff

Suppose Y₀= 145 yen/dollar, Nikkei moved from 38,000 to 30,000, then dollar depreciate to Y₁= 110 yen/dollar,

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

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