Multiple Choice
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$30.00.What is the spot rate in six months?
A) C$ 1.030 per US$
B) C$ 1.031 per US$
C) C$ 1.029 per US$
D) C$ 0.970 per US$
Correct Answer:
Verified
Correct Answer:
Verified
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