Question
1) You just made a $10 million trade in which you sold $10mil against the Japanese Yen with an exchange rate of USD/JPY = 104.32.
1) You just made a $10 million trade in which you sold $10mil against the Japanese Yen with an exchange rate of USD/JPY = 104.32. The exchange rate is now 105.35.
Answer the following: a) What is your P&L in United States Dollars (USD)?
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Middle Market M And A Handbook For Advisors Investors And Business Owners
Authors: Kenneth H. Marks, Christian W. Blees, Michael R. Nall, Thomas A. Stewart
2nd Edition
1119828104, 978-1119828105
