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f you agreed to buy a foreign currency forward, O you will lose money if the forward exchange rate is lower than the spot
f you agreed to buy a foreign currency forward, O you will lose money if the forward exchange rate is lower than the spot exchange rate at contract expiration (both rates stated as the amount of your home currency needed per unit of the foreign currency) O you will make money if the spot exchange rate at contract expiration is lower than the forward exchange rate (both rates stated as the amount of your home currency needed per unit of the foreign currency) O you have a long position in the currency O the exchange rate will be determined at settlement Previous
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
