Thanks David. Have the materials been updated/changed recently? It's because I don't see the PDF having 57th page, there are in total only 49 pages now. I don't even see that question now.
Hi,
I didn't understand the calculation of total proceeds.
Question:
A U. S. exporter anticipates receiving 1 million British pounds in 3 months. This is hedged with a short position in BP futures expiring in 6 months. The initial spot and futures prices are $1.5000 and $1.4703. At the time...
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