Multiple Choice
Marie has done some research and found that the spot rate is C$1.4039 per euro.Her neighbour told her that the three-month forward rate is C$1.44 per euro.If Marie assumes a 1,000 euro long position in the forward contract, what will her profit (loss) be if the spot rate in 3 months is C$1.45 per euro?
A) C$46.10 profit
B) C$10.00 loss
C) C$10.00 profit
D) C$36.10 profit
Correct Answer:
Verified
Correct Answer:
Verified
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