An Australian dealer wants to buy 1,000,000 USD by the rate 0.65USD/AUD in 6 months from now, he can: а. buy 1.5385AUD/USD Forwards for six months b. buy 1.5385USD/AUD Forwards for six months С. sell 1.5385AUD/USD Forwards for six months d. buy 0.65USD/AUD Forwards for six months е. sell 0.65USD/AUD Forwards for six months
An Australian dealer wants to buy 1,000,000 USD by the rate 0.65USD/AUD in 6 months from now, he can: а. buy 1.5385AUD/USD Forwards for six months b. buy 1.5385USD/AUD Forwards for six months С. sell 1.5385AUD/USD Forwards for six months d. buy 0.65USD/AUD Forwards for six months е. sell 0.65USD/AUD Forwards for six months
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![An Australian dealer wants to buy 1,000,00
USD by the rate 0.65USD/AUD in 6 months
from now, he can:
а.
buy 1.5385AUD/USD Forwards for six months
b.
buy 1.5385USD/AUD Forwards for six months
С.
sell 1.5385AUD/USD Forwards for six months
d.
buy 0.65USD/AUD Forwards for six months
е.
sell 0.65USD/AUD Forwards for six months](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6d667ae1-1d84-45a4-b939-2aa5c5155dc5%2Fabcd644c-2e48-45ed-8a32-61649b27bf46%2F07erl8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An Australian dealer wants to buy 1,000,00
USD by the rate 0.65USD/AUD in 6 months
from now, he can:
а.
buy 1.5385AUD/USD Forwards for six months
b.
buy 1.5385USD/AUD Forwards for six months
С.
sell 1.5385AUD/USD Forwards for six months
d.
buy 0.65USD/AUD Forwards for six months
е.
sell 0.65USD/AUD Forwards for six months
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