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Consider the following: Assume the current market futures price is 1.66A$ per $. You borrow 167,000A$, convert the proceeds to U.S. dollars, and invest them
Consider the following: Assume the current market futures price is 1.66A$ per $. You borrow 167,000A$, convert the proceeds to U.S. dollars, and invest them in the U.S. at the risk-free rate. You simultaneously enter a contract to purchase 170,340 A $ at the current futures price (maturity of 1 year). What would be your profit (loss)? Multiple Choice None of the options are correct. Loss of 2300AS Profit of 630 AS Loss of 630A$ Profit of 2300A$
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