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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The Handbook Of Sentiment Analysis In Finance
Authors: Gautam Mitra, Xiang Yu
1st Edition
1910571571, 978-1910571576
