Question
Question 10 You have entered into a 6-month forward exchange rate rate contract with notional amount of C$ 100,000 and exchange rate of $0.8/C$. what
Question 10
You have entered into a 6-month forward exchange rate rate contract with notional amount of C$ 100,000 and exchange rate of $0.8/C$. what is the value of this forward contract 3 months after initiation, if at that time the spot exchange rate is $0.9/C$, the U.S. risk free rate is 2% and the Canadian risk free rate is 5%?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
