Question
What is the size of a difference check on a 1-Year short forward NZD contract given that the size of the contract is NZD 400,000;
What is the size of a difference check on a 1-Year short forward NZD contract given that the size of the contract is NZD 400,000; the amount of the contract is USD 268,000; and X1USD/NZD= 0.60?
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
