Task 1. You bought 50 000 USD on the forward market with a delivery in a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Task 1. You bought 50 000 USD on the forward market with a delivery in a month. On the day of your purchase the quotes were the following: • Spot rate: 1 USD = 3,06 -3,11 PLN .30-day forward rate: 1 USD = 3,08 - 3,14 PLN. Within a month the exchange rate has changed and now it is at USD = 3,023,06 PLN. How much have you lost or gained? Task 1. You bought 50 000 USD on the forward market with a delivery in a month. On the day of your purchase the quotes were the following: • Spot rate: 1 USD = 3,06 -3,11 PLN .30-day forward rate: 1 USD = 3,08 - 3,14 PLN. Within a month the exchange rate has changed and now it is at USD = 3,023,06 PLN. How much have you lost or gained?
Expert Answer:
Answer rating: 100% (QA)
Answer Since we bought 50000 in forward market at the ... View the full answer
Related Book For
Posted Date:
Students also viewed these general management questions
-
The Southwest Airlines brand is that of a low fare carrier with the highest level of customer service and with fun added into the flying experience. Southwest Airlines strives to provide its...
-
The random variable x is best described by a uniform probability distribution with mean 50 and standard deviation 5. Find c, d, and f(x). Graph the probability distribution.
-
The random variable x is best described by a uniform probability distribution with c = 100 and d = 200. Find the probability that x assumes a value a. More than 2 standard deviations from . b. Less...
-
May-22 1 1 1 6 22 31 31 31 31 31 uChampion (UC) Shop commenced business on 1 May 2022. The following transactions occurred during the first month of operations: Jenny, the owner, invested cash into...
-
Consider the paper-making process in Exercise 7.49. Set up a u chart based on an average sample size to control this process. In Exercise 7.49 TABLE 7E.13 Data on Imperfections in Rolls of Paper...
-
There is a maximum depth at which Figure 14.33 a diver can breathe through a snorkel tube Exercise 14.17. (Fig. 14.33) because as the depth increases, so does the pressure difference, which tends to...
-
What are the specific accounting control objectives for the three functions involved in recording purchases and cash disbursements?
-
The unadjusted trial balance of Brunos Hauling at February 29, 2012, the end of the current year, is shown below. The data needed to determine year-end adjustments are as follows: a. Supplies on hand...
-
- Aspen Ski Resorts has 150 employees, each working 40 hours per week and earning $15 an hour. Although the company does not p any health or retirement benefits, one of the perks of working at Aspen...
-
Solve Problem 3.33 in Chapter 3 to construct an x-bar chart in conjunction with an R-chart for delivery time at the Great Outdoors Clothing Company. Data in Problem 3.33 in Chapter 3 The Great...
-
Hillary Corporation has its own cafeteria with the following annual costs:Food$200,000 Labour150.000 Overhead220,000 Total$575.000 The overhead is 40% fixed. Of the fixed overhead, $50,000 is the...
-
Talk with a loan officer at a local bank or credit union. Discuss the approval qualifications for unsecured, secured, and home equity loans and the range of interest rates available with each. Also,...
-
Before you can develop an investment plan, you must identify your investment goals. List five short-term and five long-term investment goals for yourself. Ask your spouse or other friends or family...
-
How does the performance of DynaVox, from Figure 12.1, support the idea that "investing" in IPOs may be a form of speculation? Figure 12.1 FIGURE 12.1 Five Best and Worst IPOs of 2010 Jubilant...
-
The timing of a securities transaction is very important. Differentiate among day orders, open orders, GTC orders, and fill-or-kill orders. In addition to the timing of orders, pricing instructions...
-
Included in Arco Companys December 31, 2015, trial balance are the following accounts: Accounts Payable 220,000, Pension Liability 375,000, Advances from Customers 41,000, Bonds Payable 371,000,...
-
2. In 123.456, the hundreds place is the third place to the left of the decimal point; is the hundredths place the third place to the right of the decimal point? In a long numeral like 333331.333333,...
-
List four items of financial information you consider to be important to a manager of a business that has been operating for a year.
-
Define steady state, and comment on the relevance of this concept to theories of enzyme reactivity.
-
What is the purpose of small nuclear RNA? What is an snRNP?
-
Write the overall reaction for the fixation of nitrogen via the nitrogenase complex.
-
If item Y is the parent of Z and item X is the parent of Y, which item is the finished good?
-
If a shipment is needed in week 8 and the lead time on its arrival is always 3 weeks, when should the shipment be ordered?
-
Maynard Associates has 62 units of a certain product on hand currently. The demand forecast for the next two planning periods is 25 units each period. Maynard Associ- ates has no plans for production...
Study smarter with the SolutionInn App