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lythong266 lythong266
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2 years ago
Mr. Lecourt sells short one contract for September delivery of 125,000 euro for $134,375.  Mr. Lecourt covers his short when the exchange rate is $1.15 per euro.  Mr Lecourt

▸ loses $9,375.

▸ loses $18,750.

▸ loses $143,750.

▸ gains $143,750.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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crwille78crwille78
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2 years ago
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lythong266 Author
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2 years ago
Thank you, thank you, thank you!
shimyshiguy
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Thanks for your help!!
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This site is awesome
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