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A European Investor wants to invest 100 Million Euro in the USD bond issued by Apple (Apple 2% 1/3/2030) but he does not want to
A European Investor wants to invest 100 Million Euro in the USD bond issued by Apple (Apple 2% 1/3/2030) but he does not want to be exposed to the EUR/USD moves. His horizon is 6 months.
Market data:
-Date is 1/3/2020
-Bond price= 100%
-EUR/USD trades at 1,1000
-FX Forward EUR/USD 6 months is quoted 60 points
What are the trades to implement?
Calculate the P&L after 6 months (1/9/2020) if the Apple bond trades at 102% and EUR/USD trades at 1.15?
Market data:
-Date is 1/3/2020
-Bond price= 100%
-EUR/USD trades at 1,1000
-FX Forward EUR/USD 6 months is quoted 60 points
What are the trades to implement?
Calculate the P&L after 6 months (1/9/2020) if the Apple bond trades at 102% and EUR/USD trades at 1.15?
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
