An investor is bullish on the euro and believes it will increase against the Japanese Yen. The investor purchases a currency call option on the euro with a strike price (exchange rate) of ¥124/€. When the investor purchases the contract, the spot rate of the euro is equivalent to ¥126/€. Assume the euro's spot price at the expiration date (market price) is ¥135/€. the premium is ¥3/€   a) Assume the euro's spot price at the expiration date (market price) is ¥135/€ The investor's profit =  ¥/€     b) Assume the euro's spot price at the expiration date (market price) is ¥122/€ The investor's profit =  ¥/€     c) What is the maximum loss Maximum loss =   ¥/€

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