Question
The forward price of the Swiss franc for delivery in 45 days is quoted as 1.25 CHF per USD. If you convert 1000 CHF into
The forward price of the Swiss franc for delivery in 45 days is quoted as 1.25 CHF per USD. If you convert 1000 CHF into USD at this quote, how much USD will you get? Please write your answer in the format of 1100 or 700, leave the dollar sign out in your answer.
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An Introduction to Investment Banks, Hedge Funds, and Private Equity
Authors: David P. Stowell
1st edition
978-0123745033, 0123745039, 978-9380931074
