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Refer to the calendars of three regions, USA, Japan and Hong Kong, as shown below. * asterisk is the bank holiday in that region
Refer to the calendars of three regions, USA, Japan and Hong Kong, as shown below. * asterisk is the bank holiday in that region US October Su Mo Tu We Th Fr Sa 1 2 3 4 5 6 7 8 9 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 November Su Mo Tu We Th Fr Sa 1 2 3 4 5 6 7 8 9 10 12 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 Japan October Su Mo Tu We Th Fr Sa 1 2 3 4 5 6 7 8 9 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 November Su Mo Tu We Th Fr Sa 1 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 24 25 26 27 28 29 30 Hong Kong October Su Mo Tu We Th Fr Sa 1 2 3 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 November Su Mo Tu We Th Fr Sa 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 a) (1 mark) You make a "dollar-yen" trade on 2 November in which you buy JPY and sell USD. When will you receive the JPY for a spot trade? b) (1 mark) You sell JPY and buy HKD for a 1 month forward, trade day is 11 October. What date will it settle?
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a If you make a dollaryen trade on 2 November for a spot trade you will typically receive the JPY tw...
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Precalculus
Authors: Jay Abramson
1st Edition
1938168348, 978-1938168345
