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FallenOne FallenOne
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6 months ago
The six-month forward rate is C$ 1.00 per US$. Ahmed assumes a 1,000 long position in the forward contract and his profit in six months is C$30.00. What is the spot rate in six months?

▸ C$ 1.031 per US$

▸ C$ 1.029 per US$

▸ C$ 0.970 per US$

▸ C$ 1.030 per US$
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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bknyc123bknyc123
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6 months ago
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