Question
A German sells forward 1 million at $1.50/. The spot rate for the euro when the forward contract matures is $1.60/. What is her profit/loss?
A German sells forward 1 million at $1.50/. The spot rate for the euro when the forward contract matures is $1.60/. What is her profit/loss?
| A profit of 62,500. | ||
| A profit of 100,000. | ||
| A loss of 62,500. | ||
| A loss of 100,000. |
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The Future Of Money How The Digital Revolution Is Transforming Currencies And Finance
Authors: Eswar S. Prasad
1st Edition
0674258444, 978-0674258440
