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z Z You are planning to buyr a giant Xiaomi television for 2,394 directly from the company in China on its release date 6 months

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z Z You are planning to buyr a giant Xiaomi television for 2,394 directly from the company in China on its release date 6 months in the future. Suppose you secure a call option to buy Chinese Yuan at a striking price of .071'$. The premium rate is 0.069 US cents per Yuan. Assume that you bought the call option. When the release date comes, the spot exchange rate is 7J$. How much better off (in terms of US Dollars) are you AT THE MARGIN if you exercise the option versus paying for the TV by exchanging your money on the spot market on the release date? Enter a negative number if you're worse off. Round to two decimal places. ' 52.4 was 23 This is a tollow-up to the previous question. Would you have been better ott having never purchased the option? Why or why not

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