Suppose that today an individual obtains a 3 month forward contract to buy
Suppose that today an individual obtains a 3-month forward contract to buy ¥10,000,000 at $.009292 per ¥. In 3 months the individual will offset the contract, and on this date the spot rate is $.009081 per ¥. Explain the process of offsetting the initial position and calculate the profit or loss.
abhinav behal
02-Mar-2020