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Category > Business & Finance Posted 07 Jun 2017 My Price 4.00

On June 17 of a particular year, an American watch dealer decided to import 100,000

On June 17 of a particular year, an American watch dealer decided to import 100,000 Swiss watches. Each watch costs SF225. The dealer would like to hedge against a change in the dollar/Swiss franc exchange rate. The forward rate was $0.3881. Determine the outcome from the hedge if it was closed on August 16, when the spot rate was $0.4434

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Alpha Geek
(8)
Status NEW Posted 07 Jun 2017 08:06 AM My Price 4.00

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file 1496823370-Answer.docx preview (103 words )
O-----------n J-----------une----------- 17----------- of----------- a -----------par-----------tic-----------ula-----------r y-----------ear-----------, a-----------n A-----------mer-----------ica-----------n w-----------atc-----------h d-----------eal-----------er -----------dec-----------ide-----------d t-----------o i-----------mpo-----------rt -----------100-----------,00-----------0 S-----------wis-----------s w-----------atc-----------hes-----------. E-----------ach----------- wa-----------tch----------- co-----------sts----------- SF-----------225-----------. T-----------he -----------dea-----------ler----------- wo-----------uld----------- li-----------ke -----------to -----------hed-----------ge -----------aga-----------ins-----------t a----------- ch-----------ang-----------e i-----------n t-----------he -----------dol-----------lar-----------/Sw-----------iss----------- fr-----------anc----------- ex-----------cha-----------nge----------- ra-----------te.----------- Th-----------e f-----------orw-----------ard----------- ra-----------te -----------was----------- $0-----------.38-----------81.----------- De-----------ter-----------min-----------e t-----------he -----------out-----------com-----------e f-----------rom----------- th-----------e h-----------edg-----------e i-----------f i-----------t w-----------as -----------clo-----------sed----------- on----------- Au-----------gus-----------t 1-----------6, -----------whe-----------n t-----------he -----------spo-----------t r-----------ate----------- wa-----------s $-----------0.4-----------434----------- S-----------olu-----------tio-----------n: ----------- G-----------ive-----------n t-----------hat-----------, A-----------mer-----------ica-----------n w-----------atc-----------h d-----------eal-----------er -----------imp-----------ort-----------s 1-----------00,-----------000----------- Sw-----------iss----------- Wa-----------tch-----------es -----------Cos-----------t o-----------f e-----------ach-----------
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