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Using the market data in Exhibit 7.6. show the net terminal value of a long position in one 110 Sep Japanese yen European call
Using the market data in Exhibit 7.6. show the net terminal value of a long position in one 110 Sep Japanese yen European call contract at the following terminal spot prices, cents per yen: 101, 105, 110, 115, and 119. Ignore any time value of money effect. (A Negative value should be indicated with a minus sign. Do not round intermediate calculations. Round your answers to the nearest whole number.) Terminal spot prices 101 105 110 115 110 Net terminal value EXHIBIT 7.6 PHLX World Currency Options Quotations NASDAQ OMX PHLX Options Japanese Yen 1,000,000 J.Yen-100ths of a cent per unit. 109 110 111 112 109 110 111 112 Euro 10,000 Euro-cents per unit. 111 Jun 111.5 Jun 112 112.5 113 111 112 113 Jun Jun Jun Jun Sep Sep 114 115 Sep Sep Jun Jun Jun Sep Sep Sep Sep Sep Calls 1.56 1.05 66 .39 1.86 1.40 1.03 74 3.41 3.01 2.63 2.28 1.94 4.54 3.78 3.09 2.47 1.92 Puts 1.30 1.78 2.38 3.10 2.32 2.89 3.53 4.24 41 50 .62 75 91 72 94 1.23 1.59 2.04 110.07 113:14 EXHIBIT 7.6 PHLX World Currency Options Quotations NASDAQ OMX PHLX Options Japanese Yen 1,000,000 J.Yen-100ths of a cent per unit. 109 110 111 112 109 110 111 Jun Jun Jun Jun Sep Sep Sep Sep 112 Euro 10,000 Euro-cents per unit. Jun Jun Jun Jun Jun Calls Sep 1.56 1.05 .66 39 1.86 1.40 1.03 .74 111 111.5 112 112.5 113 111 112 Sep 113 Sep 114 Sep 115 Sep Source: Quotations obtained from Investing.com, www.investing.com, March 25, 2019. 3.41 3.01 2.63 2.28 1.94 4.54 Puts 3.78 3.09 2.47 1.92 1.30 1.78 2.38 3.10 2.32 2.89 3.53 4.24 41 1 50 2 75 1 24 .62 .91 .72 94 1.23 1.59 2.04 110.07 113.14
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