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QUESTION 38 John Celestial has just taken a short position in a forward contract. The duration and forward price of the contract is one year
QUESTION 38
- John Celestial has just taken a short position in a forward contract. The duration and forward price of the contract is one year and $60, respectively. The spot price of the underlying asset is $70. What is the value of the forward at this time?
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| a. | $0 |
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| b. | $20 |
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| c. | $20 |
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Marketing For Financial Advisors
Authors: Eric Bradlow, Keith Niedermeier, Patti Williams
1st Edition
0071605142, 978-0071605144
