On August 17 a speculator purchased 10 futures contracts of Indian Rupees at 1.4957, that is USD/INR
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On August 17 a speculator purchased 10 futures contracts of Indian Rupees at 1.4957¢, that is USD/INR 0.014957 for delivery on the third to last Indian business day in December. On October 13 the speculator sold the contracts for 1.4862¢. The contract unit is INR 5,000,000. What was is profit/loss?
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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