Question
1. Suppose that Deltrixs bid was successful, and it contracted to sell the IDR receivables at a rate of IDR13,450. Calculate the US$ amount it
1. Suppose that Deltrixs bid was successful, and it contracted to sell the IDR receivables at a rate of IDR13,450. Calculate the US$ amount it would receive at the end of 6 months assuming that the fixing JISDOR rate is equal to the actual transacted spot rate at maturity.
2. Assuming the NDF transaction in Question 1, the fixing JISDOR rate is at IDR13,800 but the actual transacted spot rate is IDR13,815. Quantify the effect of the basis risk.
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Fundamentals of Futures and Options Markets
Authors: John C. Hull
8th edition
978-1292155036, 1292155035, 132993341, 978-0132993340
