Question
EUR:USD fell, futures price fell, the short futures position resulted in gain. What if the EUR:USD appreciated? The short futures position would have made a
EUR:USD fell, futures price fell, the short futures position resulted in gain.
What if the EUR:USD appreciated? The short futures position would have made a loss. If so, should we conclude it's a failed hedge?
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
