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Vatic Capital Cachita Haynes works as a currency speculator for Vatic Capital of Los Angeles. Her latest speculative position is to profit from her expectation

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Vatic Capital Cachita Haynes works as a currency speculator for Vatic Capital of Los Angeles. Her latest speculative position is to profit from her expectation that the US dollar will rise significantly against the Japanese yen. The current spot rate is 120.00/5. She must choose between the following 90-day options on the Japanese yen ! a. Should Cachita buy a pul on yon or a call on yen? b. What is Cachita's break even price on the option purchased in parlar c. Using your answer from parta, what is Cachita's gross profit and not proft (including premium) the spot rate at the end of 90 days is 140.00 $? a. Should Cachita buy a put on yen or a call on yon? (Select the best choice below) A Cachita should buy a call on yon to profit from the fall of the dollar s e of the yen). Cachita should buy a put on yon to profit from the rise of the dotar (the fall of the yen) Cachita should buy a call on yon to profit from the rise of the dollar (the fall of the yen) Cachia should buy a put on yon to profit from the fall of the dollar (the rise of the yen) 0 b. What is Cachita's break even price on the option purchased in parta? Cachita's break even price on her option choice is her as US dollars and round to five decimal places) Enter your answer in the answer box and then click Check Answer Final Check fab A / SDFGHJK ps lock urch oss (Se Data Table the (Click on the icon to import the table into a spreadsheet.) 7 the m the m the Option Put on yen Call on yen Strike Price 124/$ 124/$ Premium $0.00003/4 $0.00046/ Durch Print Done lick Check Answer. Clear All OCT 19

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