Suppose that today an individual obtains a 3 month forward contra

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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

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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

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