Use $20,000 of your client's account in the two foreign currencies which you have selected to invest
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Question:
Use $20,000 of your client's account in the two foreign currencies which you have selected to invest in based on a margin of 2% which gives you a high leverage (50 to 1), meaning you can invest up to $1,000,000 or 50 times of your client's balance either in currency spot market or currency futures. To keep things simple, use the currency spot market and you are recommended
to choose two hard currencies: British Pound and Japanese Yen.
USD/JPY: $1 USD=114.76 Japanese Yen
GBP/USD: 1Pound=$1.36 USD
Calculate your return for each investment and overall return.
Expert Answer:
To calculate the return for each investment and the overall return we need to determine the amount i... View the full answer
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