A trader enters into a short forward contract on 100 million yen. The forward exchange rate is

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A trader enters into a short forward contract on 100 million yen. The forward exchange rate is $0.0080 per yen. How much does the trader gain or lose if the exchange rate at the end of the contract is

(a) $0.0074 per yen and

(b) $0.0091 per yen?

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Options Futures And Other Derivatives

ISBN: 9780273759072

8th Global Edition

Authors: John Hull

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Question Posted: Oct 21, 2024 07:03 AM

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A trader enters into a short forward contract on 100 million yen. The forward exchange rate is

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Options Futures And Other Derivatives

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