Please select correct option with explanation Calculate the expected profit of investor A...
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Please select correct option with explanation
Calculate the expected profit of investor A from speculation using below information: Current Spot rate: \$0.85/Canadian Dollar Three-month Forward rate: \$0.82/Canadian Dollar A is expecting that spot rate in three months will be $0.84/ Canadian Dollar He wants to buy/sell 10,000 Canadian Dollars to make profit. a) $200 b) $300 c) $200 d) $100
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