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Category > Business & Finance Posted 22 Jul 2017 My Price 11.00

Sleepless in Sao Paulo, Brazil Jose Ballini

Sleepless in Sao Paulo, Brazil Jose Ballini is a currency trader and speculator for Bozano Simonsen, one of the largest investment banking firms in Sao Paulo. The current spot rate is R$1,7800/$, and the 360-day forward rate is R$1.8860/S. Jose believes the Brazilian real will actually appreciate against the U.S. dollar in the coming year.

a. What should he do with the R$500,000 he has to take a position with?

b. If the spot rate at the end of 360 days is R$14688/$, what was Jose's profit and rate of return on his investment in part (a)?

C. If the spot rate at the end of 360 days is R$1.9800/$, what was Jose's profit and rate of remit on his investment in part (a)?

 

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Status NEW Posted 22 Jul 2017 12:07 PM My Price 11.00

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