Question: ( c ) Suppose on Jan 5 , a firm booked a 3 month forward contract to sell GBP 5 0 0 0 0 at
c Suppose on Jan a firm booked a month forward contract to sell GBP at the rate of INR The delivery date is April On Feb the firm requested the bank for delivery on March The rates on Feb are as follows:
GBPINR spot:
month swap:
month swap:
Calculate the cash flow for the exporter.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
