NEED HELP WITH THSI QUESTION!! WITH EXPLANATIONS
Given,
No. of British sports car = 20
Cost of each car = 35000 pounds
Solution :-
NEED HELP WITH THSI QUESTION!! WITH EXPLANATIONS On July 1, an American auto dealer enters into...
On July 1, an American auto dealer enters into a contract to purchase 20 British sports cars with payment to be made in pounds on November 1. Each car costs 35,000 pounds. The dealer is concerned that the pound will strengthen over the next few months. The dealer plans to trade in December pound futures contracts. The December pound futures price is $1.278 per pound. Each contract is for delivery of 62,500 pounds. How many contracts should the...
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