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Book is Multinational Business Finance - 14th edition I am working on chapter 7,...

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Finance

Book is Multinational Business Finance - 14th edition

I am working on chapter 7, problem 6. I need to know how they are getting 0 in this problem. The Y is the yen suppose to be the yen symbol/ .

step 1) 12,500,000x-[0.000080/Y - (.0080000-.00909)]

step 2) 12,500,000x-[0.000080/y - 0]

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Foreign Currency Derivatives: 6. Peleh's Puts. Peleh writes a put option on Japanese yen with a strike price of $0.008000/ (125.00/$) at a pre- mium 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 end- ing spot rates are 110/$, 115/$,120/$, 125$, 130/$, 135/$, and 140/$

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