Question
You are given the following information for the spot and one month forward and 3 months forward. spot 1 month forward 3 month forwad
You are given the following information for the £ spot and one month forward and 3 months forward. | ||||
spot | 1 month forward | 3 month forwad | ||
US (dollars) | 1.5200-1.5210 | 0.32-0.27 cpm | 0.89-0.84 cpm | |
Canadian (dollar) | 1.8630-1.8640 | 0.30-0.20 cpm | 0.90-0.80 cpm | |
Netherland (Guilders) | 4.05 1 – 4.06 1 | 2 3 - 1 7 cpm | 6 3 - 6 1 cpm | |
4 4 | 8 8 | 4 4 | ||
Belgiam (frank) | 72.20 - 72.30 | 10 - 20 cdis | 45 - 55 cdis | |
Denmark (kronner) | 13.01 - 13.02 | 4.4 - 5 5 cdis | 18 3 - 19 3 cdis | |
8 | 8 4 | |||
Germany ( DM) | 3.061 - 3.071 | 2-1 1 cpm | 51 - 5 cpm | |
2 2 | 2 | 2 | ||
REQUIRED | ||||
Calculate the cost or value in £ to a customer who wished to | ||||
a) buy US$ 14,000 one month forward | ||||
b) buy C$25,000 Spot | ||||
c) buy BF 75,000 3 months forward | ||||
d) sell guilders 28,000 1 months forward | ||||
e) Sell K 20,000 3 months forward | ||||
f) Sell DM 6,000 1 month forward |
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
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