If the speculator's predictions prove wrong and the actual spot rate in 3 months is £0.52 speculator will make a loss of
A) £20,000
B) £38,461
C) SF 20,000
D) SF 38,461
Correct Answer:
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Q23: If CIBC posts 1.10 CA$/US$ - 1.14
Q24: The 3 month forward rate between British
Q25: The 3 month forward rate between British
Q26: If the speculator's predictions prove correct,the speculator
Q27: If CIBC posts 1.10 CA$/US$ - 1.14
Q28: The current spot exchange rate is $1.6/euro
Q29: Assume the following quotes:
1)Bank A: $1.5400/pound
2)Bank B:
Q31: The following rates are given:
Q32: The speculator
A) Should sell the British pound
Q33: The following quotes are given for the
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