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- Topic: Currency Forward Contract Question
Author | Topic: Currency Forward Contract Question |
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dineshr @2010-04-30 09:46:40 |
CFA Text Book Question facts in summary; Current Spot rate is $ 0.5972 per SF and payment is in 3 months. US interest Rate is 2% and 5% in Swiss. After 30 days entering in to a a Forward contract Spot is $ .55 per SF. Calculate value of contract now Can someone give the answer on a step by step basis and the reason for each step in summary. Thanks. |