You sell 250,000 pesos short at the exchange rate of S(Peso/$)=18.9. Calculate your profit/loss if the ending exchange rate is S(Peso/$)=22.2 after a week. (Please keep the sign and two decimal places in your answer.)

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
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You sell 250,000 pesos short at the exchange rate
of S(Peso/$)=18.9. Calculate your profit/loss if the
ending exchange rate is S(Peso/$)=22.2 after a
week. (Please keep the sign and two decimal
places in your answer.)
Transcribed Image Text:You sell 250,000 pesos short at the exchange rate of S(Peso/$)=18.9. Calculate your profit/loss if the ending exchange rate is S(Peso/$)=22.2 after a week. (Please keep the sign and two decimal places in your answer.)
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