Multiple Choice
At the end of the day, you are short CHF 3,500,000.00 against SEK at 6.9275. You are asked to revalue your position at 6.9190. What is the resulting profit or loss?
A) Profit of CHF 29,750.00
B) Profit of SEK 29,750.00
C) Loss of SEK 29,750.00
D) Loss of CHF 29,750.00
Correct Answer:
Verified
Correct Answer:
Verified
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