[patience]

Hello Sir,

sorry about that, i am referring to Mar/Jun17 the question Buryecs co. on currency swaps and currency options.

thank you

[patience]

Hello Sir,

just coming back on this question because I had a similar question.

the question says the government will buy back the franchise for $7500 meaning, that Buryecs receives $, so I would assume that they need to sell the $ to convert to CHF.

or is it because of the way the exchange rate is quoted?

[patience]

Thank you John, this is really helpful, I watched the lecture before, let me revisit it to refresh my memory.

[Author]

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