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OpenTuition Study Text – Chapter 19, example 3

This topic has 3 replies, 2 voices, and was last updated 3 years ago by John Moffat.

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September 9, 2021 at 2:33 pm #635117
ivanovrita86
Participant
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Dear John,
Is the exchange rate of 1.4850 in the example 3 correct to exchange the premium of USD 8,250 to GBP? I would use 1.4870 as I am actually “selling USD” to buy GBP, correct?
Thanks,
Margarita
September 9, 2021 at 2:44 pm #635121
ivanovrita86
Participant
- Topics: 16
- Replies: 23
Dear John,
Never mind… I was correct, sorry. Just getting nervous just before the exam
September 9, 2021 at 7:32 pm #635190
ivanovrita86
Participant
- Topics: 16
- Replies: 23
I meant “it was correct”, sorry
September 10, 2021 at 8:08 am #635244
John Moffat
Keymaster
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No problem 🙂
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