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WASHI CO (SEP 18)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › WASHI CO (SEP 18)

  • This topic has 3 replies, 2 voices, and was last updated 8 months ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • June 2, 2022 at 3:01 pm #657143
    Frooti
    Participant
    • Topics: 80
    • Replies: 75
    • ☆☆

    Reciept of 80 m euros. Home currency is yen , foreign currency is euros.

    As per my knowledge rule is receipt of foreign currency means we have to buy home currency ie call options. So why are they taking put options . Im confused pls help sir

    Also pls explain these calculations:
    Spot cross rates: 0.70 – 0.74 ARD per JPY 1
    [92.7/132.4 = 0.70 and 95.6/129.2 = 0.74]

    June 2, 2022 at 3:38 pm #657151
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51543
    • ☆☆☆☆☆

    I have answered your first question in your previous post.

    As regards your second question, see the explanation in a previous reply here:
    https://opentuition.com/topic/cross-rates-washi-sep-2018-kaplan-exam-kit/#post-596059

    June 3, 2022 at 12:30 pm #657233
    Frooti
    Participant
    • Topics: 80
    • Replies: 75
    • ☆☆

    why they have choosen the specific combination why not both lowest and both highest?

    June 3, 2022 at 4:18 pm #657275
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51543
    • ☆☆☆☆☆

    Have you read the post that I linked to carefully, because the logic is explained in my reply in that post?

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