Kiko peleh writes a put option on japanese yen with a strike price of $ 0.008000 divided by yen (yen 125.00 divided by $) at a premium of 0.0080 cents per yen and with an expiration date six month from now. the option is for ¥12 comma 500 comma 000. what is kiko's profit or loss at maturity if the ending spot rates are yen 110 divided by $, yen 114 divided by $, yen 119 divided by $, yen 126 divided by $, yen 131 divided by $, yen 135 divided by $, and yen 140 divided by $.

The new york times (nov. 30, 1993) reported that “the inability of opec to agree last week to cut production has sent the oil market into turmoil . . [leading to] the lowest price for domestic crude oil since june 1990.” why were the members of opec trying to agree to cut production? so they could save more oil for future consumption so they could lower the price so they could raise the price why do you suppose opec was unable to agree on cutting production? because each country has a different production capacity because each country experiences different production costs because each country has an incentive to cheat on any agreement the newspaper also noted opec’s view “that producing nations outside the organization, like norway and britain, should do their share and cut production.” what does the phrase “do their share” suggest about opec’s desired relationship with norway and britain? opec would like norway and britain to keep their production levels high. opec would like norway and britain to act competitively. opec would like norway and britain to join the cartel.