Question
A foreign currency contract allowing the holder the right to purchase 62,500 DM on or before March 15th at a price of DM1.5400/$ is a
A foreign currency contract allowing the holder the right to purchase 62,500 DM on or before March 15th at a price of DM1.5400/$ is
| a put option on U.S. dollars. | ||
| a March futures on German marks. | ||
| a forward contract. | ||
| an American call option on German marks. | ||
| none of the above |
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American Public School Finance
Authors: William Owings, Leslie Kaplan
2nd Edition
1111838046, 978-1111838041
