Question
You are a British investor and you decide to enter into a non-deliverable forward contract to sell 1 million for Swedish krone in one year
You are a British investor and you decide to enter into a non-deliverable forward contract to sell 1 million for Swedish krone in one year for Skr 3.8240 / , what is your gain or loss if spot rate one year later is Skr 3.0000 / ?
| a. | none of the given answers
| |
| b. | loss of Skr 176,000
| |
| c. | gain of Skr 824,000
| |
| d. | loss of Skr 824,000
|
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Biblical Finance Reflections On Money Wealth And Possessions
Authors: Mark Lloydbottom, Keith Tondeur
1st Edition
0956395023, 978-0956395023
