Which of the following statements are correct? (a) A forward purchase contract can be replicated by: borrowing

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Which of the following statements are correct?

(a) A forward purchase contract can be replicated by: borrowing foreign currency, converting it to domestic currency, and investing the domestic currency.

(b) A forward purchase contract can be replicated by: borrowing domestic currency, converting it to foreign currency, and investing the foreign currency.

(c) A forward sale contract can be replicated by: borrowing foreign currency, converting it to domestic currency, and investing the domestic currency.

(d) A forward sale contract can be replicated by: borrowing domestic currency, converting it to foreign currency, and investing the foreign currency.

(e) In a perfect market you could forbid forward markets (on the basis of anti-gambling laws, for instance), and nobody would give a fig.

(f) The spot rate and the interest rate determine the forward price.

(g) No, the forward determines the spot.

(h) No, the forward and the spot and the foreign interest rate determine the domestic interest rate.

(i) No, there are just four products that are so closely related that their prices cannot be set independently.

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