Question: Jurses / FIN710STACKED-STACKED-34731-SUMMER2019 / Module 2 / Practice Exam 2 Suppose that you enter into a long position on a 6-month pound forward today and

Ourses FIN710STACKED-STACKED-34731-SUMMER2019 Module 2 Practice Exam 2 Suppose that you enter into

a long position on a 6-month pound forward today and lock-in the

Jurses / FIN710STACKED-STACKED-34731-SUMMER2019 / Module 2 / Practice Exam 2 Suppose that you enter into a long position on a 6-month pound forward today and lock-in the price of $1.50 (the forward rate). If at the maturity (6 month from now) the spot rate turns out to be $1.70, what is your gain or loss? The contract size is 100,000 pounds. Select one: C a. A gain of $20,000 O b. A gain of $16, 2000 c. A loss of $20,000 O d. A loss of $150,000 e. A gain of $150,000 Next page tontiene investn minn

Ourses FIN710STACKED-STACKED-34731-SUMMER2019 Module 2 Practice Exam 2 Suppose that you enter into a long position on a 6-month pound forward today and lock-in the price of $1.50 (the forward rate). If at the maturity (6 month from now) the spot rate turns out to be $1.70, what is your gain or loss? The contract size is 100,000 pounds. Select one: O a. A gain of $20,000 b. A gain of $16,2000 c. A loss of $20,000 d. A loss of $150,000 h e. A gain of $150,000 Next page ut options investo Jump to Exam 2

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