Question
P Company enters into a forward contract to sell foreign currency. At the contract date, the forward rate is $1.20 and the spot rate is
P Company enters into a forward contract to sell foreign currency. At the contract date, the forward rate is $1.20 and the spot rate is $1.24. BRIEFLY explain why this may not appear to be logical (and it doesn't), and why would P do this anyway.
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Activity Based Cost Management In Government
Authors: Gary Cokins
2nd Edition
1567261817, 978-1567261813
