Suppose Yuki writes a naked 90 day call for 10,000 NZD at a strike price of NZD/JPYk = XXXXXXXXXXShe obtains a premium of 4 JPY for each NZD for writing the option. Note: the premium is NOT for...

Suppose Yuki writes a naked 90 day call for 10,000 NZD at a strike price of NZD/JPYk = 78.53. She obtains a premium of 4 JPY for each NZD for writing the option. Note: the premium is NOT for JPY-cents. Assume zero interest rates.

At expiration, JPY/NZD = 0.01218. Which of the following is closest to Yuki's overall P/L from writing this option?

Group of answer choices

35,718 JPY

4281 JPY

-35,718 JPY

40,000 JPY

-4281 JPY