I have a class question that I'm struggling with. The question says assume we sold AUD 1
Fantastic news! We've Found the answer you've been seeking!
Question:
Spot AUD/USD 0.9975
Interest rates: AU: 8.00% and US: 5.00%
170 days
Spot AUD/USD 0.9850
Interest rates: AU: 8.05% and US: 5.75%
Have we made a capital gain or loss?
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date: