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You sell 250,000 pesos short at the exchange rate of S(Peso/$)=14. Calculate your profit/loss if the ending exchange rate is S(Peso/$)=12 after a week.
You sell 250,000 pesos short at the exchange rate of S(Peso/$)=14. Calculate your profit/loss if the ending exchange rate is S(Peso/$)=12 after a week. (Please keep the sign and two decimal numbers in your answer.)
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An Introduction to Derivative Securities Financial Markets and Risk Management
Authors: Robert A. Jarrow, Arkadev Chatterjee
1st edition
978-0393912937, 393912930, 393913074, 978-0393920949, 393920941, 978-0393913071
