7 You are a dealer. A customer asks you for a CHF/USD price. You quote him 0.6330/38...
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7 You are a dealer. A customer asks you for a CHF/USD price. You quote him 0.6330/38 and he buys CHF 5 million from you. You want to cover this position in the market and therefore deal on a price of USD/CHF 1.5783/88 quoted to you by another bank, for exactly the same amount of CHF 5 million. What profit or loss in USD have you made?
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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Related Book For 
Foreign Exchange And Money Markets Theory Practice And Risk Management
ISBN: 9780750650250
1st Edition
Authors: Bob Steiner
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