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HI there,
Can you please explain how they did the currency options piece for this question?1) I don’t understand how they calculated the premium in $ and £
2) Why do they say $25,798 over, converted @ 1.5374 to yield £16,780 – but then it looks like they deduct this amount from the overall receipt expected? I would have thought they added this on because they still are buying sterling?
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