Page 198 - AFM Integrated Workbook STUDENT S18-J19

Chapter 10

$

Transaction: £0.5850 (to £1) × C$2.1m (1,228,500)
Futures market:

Buy 0.6268
Sell 0.5820

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Loss £0.0448 to C$1

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(× 21 contracts × C$100,000) (94,080)
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Net (1,322,580)

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Illustrations and further practice

Now try TYU 3 in Chapter 10

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