24. A bank customer will be going to London in June to purchase $100,000 in new inventory. The current spot and futures exchange rates are as follows:
Exchange Rates (Dollars/Pound)
The customer enters into a position in June futures to fully hedge her position. When June arrives, the actual exchange rate is $1.725 per pound. How much did she save?© BrainMass Inc. brainmass.com June 21, 2018, 11:55 pm ad1c9bdddf
The customer enters into June future. The contracted price for June future is 1.6901. The actual spot price in June is $1.725 per ...
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