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Today, you purchased 125,000 yen 6-months forward at JPY130 + USD1 per dollar. The spot rate today is JPY128 = USD1. If the yen appreciates

Today, you purchased 125,000 yen 6-months forward at JPY130 + USD1 per dollar. The spot rate today is JPY128 = USD1. If the yen appreciates by 10% over the next six months, how many dollars much you pay to acquire to 125,000 yen? 1. $0 2. $961.54 3. $976.56 4. $1,085.07

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