Question
QUESTION 1 On August 4, 2011, USD/JPY was 78.845. Later, on February 3, 2017, the rate was 112.55 per $1. By how much did JPY
QUESTION 1
On August 4, 2011, USD/JPY was 78.845. Later, on February 3, 2017, the rate was 112.55 per $1. By how much did JPY change in value over the period?
| 42.75% | ||
| -42.75% | ||
| 29.95% | ||
| -29.95% |
1 points
QUESTION 2
The contract size for one euro futures is 125,000 euros. On February 3, 2017, the futures settlement price for December 2017 was $1.0944. Suppose you wish to hedge with this contract. You wish to protect your inventory of 26 million. The spot exchange rate is $1.07. Calculate your hedge ratio.
| About 278 | |||||||||||||||||
| About 203 | |||||||||||||||||
| About 137 | |||||||||||||||||
| None of the above QUESTION 8 The sale of IBM computers in France will be recorded as a:
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