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You enter into an NDF to buy CLP for $.204/CLP. The contract size is CLP2,500,000 and the contract matures in six months. If the spot
- You enter into an NDF to buy CLP for $.204/CLP. The contract size is CLP2,500,000 and the contract matures in six months.
- If the spot rate is $.218/CLP in six months, will you owe the bank money or will the bank owe you money? How much?
- If the spot rate is $.194/CLP in six months, will you owe the bank money or will the bank owe you money? How much?
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
