You have written a put on yen with a strike of 115.00/$ at a premium of 0.0080 cents per yen and an expiration of six months from now. The option is for 12,500,000. What is the profit or loss if the spot price at maturity is 110/$?

$0, option is not exercised.

$1,000, option is not exercised.

$1,000, option is exercised.

-$3528.98, option is exercised.

have written a put on yen with a strike of 115.00/$ at a premium of 0.0080 cents per yen and an expiration of six months from now. The option is for 12,500,000. What is the profit or loss if the spot price at maturity is 115/$?

$0, option is not exercised.

$1,000, option is not exercised.

-$1,000, option is exercised.

-$3528.98, option is exercised.

You have written a put on yen with a strike of 115.00/$ at a premium of 0.0080 cents per yen and an expiration of six months from now. The option is for 12,500,000. What is the profit or loss if the spot price at maturity is 120/$?

$0, option is not exercised.

$1,000, option is not exercised.

-$1,000, option is exercised.

-$3528.98, option is exercised.

A trader use futures to speculate on the British pound. Each contract is for 62,500. If the trader sells 7 pound futures at $1.4228/ and the spot rate at maturity is $1.3980/, then what is the value of the position at maturity?

-$10,850

-$1,550

+$1,550

+$10,850

A trader use futures to speculate on the British pound. Each contract is for 62,500. If the trader buys 4 pound futures at $1.4162/ and the spot rate at maturity is $1.3980/, then what is the value of the position at maturity?

-$4,550

-$1,137.50

+$1,137.50

+$4,550