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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?
- A speculator who wishes to bet on an appreciation in the pound versus the dollar can ________________ (fill in either buy or sell) a futures contract on the pound.
- A speculator who wishes to bet on a appreciation in the dollar versus the pound can ________________ (fill in either buy or sell) a futures contract on the pound.
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