JP Morgan would like to buy 3 million USD today against JPY. Bank of America...
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Accounting
JP Morgan would like to buy 3 million USD today against JPY.
Bank of America quotes USD/JPY as 149.900/149.906.
Tomorrow USD/JPY goes down. If JP Morgan sells USD bought, determine P/L.
Tomorrow Bank of America quotes USD/JPY as 144.85/144.857.
Determine P/L
Please submit the assignment in an Excel sheet
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