Question
If you enter into a short forward contract on Euro with forward rate 1.36 $/Euro, when the contract matures, you are obligated to buy Euro
If you enter into a short forward contract on Euro with forward rate 1.36 $/Euro, when the contract matures, you are obligated to
buy Euro sell dollar at 1.36 $/Euro
Sell Euro buy dollar at 1.36 $/Euro
Buy dollar sell Euro at 0.735 $/Euro
Sell dollar buy Euro at 0.735 $/Euro
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
