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Home / Questions / A US company expects to receive 2million sterling at the end of March Today date is January 2nd and

A US company expects to receive 2million sterling at the end of March Today date is January 2nd and

A US company expects to receive 2million sterling at the end of March. Today's date is January 2nd and futures price today is 1.30 dollar per sterling. If the spot and futures price when the contract is closed out are 1.32 dollar and 1.35 dollar per sterling, respectively, what is the effective price per sterling obtained for this US company?

Jan 31 2020 View more View Less

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