Question
A US company expects to receive 2million sterling at the end of March. Today's date is January 2nd and futures price today is 1.30 dollar
A US company expects to receive 2million sterling at the end of March. Today's date is January 2nd and futures price today is 1.30 dollar per sterling. If the spot and futures price when the contract is closed out are 1.32 dollar and 1.35 dollar per sterling, respectively, what is the effective price per sterling obtained for this US company?
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The Strategies Of Chinas Firms Resolving Dilemmas
Authors: Hailan Yang, Stephen Morgan , Ying Wang
1st Edition
0081002742,0081002769
