Question
In March, Beth shorted 9 currency futures contracts on Yen at 107.31 Yen/$, with maturity in September. At maturity, the spot rate was 109.56 Yen/$.
In March, Beth shorted 9 currency futures contracts on Yen at 107.31 Yen/$, with maturity in September. At maturity, the spot rate was 109.56 Yen/$. Each contract covers a million Yen. Whats Beth's profit or loss at maturity, in US$?
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The Critical Handbook Of Money Laundering Policy Analysis And Myths
Authors: Petrus C. Van Duyne, Jackie H. Harvey, Liliya Y. Gelemerova
1st Edition
1137523972, 978-1137523976
