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Hi Moffat,
In December,we did not need to convert the premium payable.but in CMC June 2014.We converted the premium payable on the optionsIn Nutourne the premiums are quoted in $’s and the company works in $’s so there is nothing to convert.
In CMC the premium is quoted in $’s but the company works in CHF and therefore they have to convert CHF to $’s to be able to pat the premium.
Have you watched my free lectures on foreign exchange risk management?
Also, you can find lectures working through the whole of the CMC question linked from this page:
https://opentuition.com/acca/afm/afm-revision-lectures/
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