Suppose one forward contract size is five million British pounds. Price ($/) 1-month Forward 1.8885 What's...

 

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Suppose one forward contract size is five million British pounds. Price ($/£) 1-month Forward 1.8885 What's the payoff (or gain or loss) (in dollars) on the LONG position in the above forward contracts on the British pounds on the expiration date? Suppose the pound spot exchange rate in one months is 1.9886 dollars per pound. Please round the number solution to the nearest whole number. Your answer is $_ Suppose one forward contract size is five million British pounds. Price ($/£) 1-month Forward 1.8885 What's the payoff (or gain or loss) (in dollars) on the LONG position in the above forward contracts on the British pounds on the expiration date? Suppose the pound spot exchange rate in one months is 1.9886 dollars per pound. Please round the number solution to the nearest whole number. Your answer is $_

Answer rating: 100% (QA)

The answer is 500000 Heres how we get to the answer C... View the full answer