(Answered) Question pelehs puts peleh writes a put option on japanese

Management Studies

Question: Peleh's Puts. Peleh writes a put option on Japanese yen with a strike price of $0.008000/¥ (¥125.00/$) at a premium of 0.0080¢ per yen and with an expiration date six months from now. The option is for ¥12,500,000. What is Peleh's profit or loss at maturity if the ending spot rates are ¥110/$, ¥115/$, ¥120/$, ¥125/$, ¥130/$, ¥135/$, and ¥140/$?

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