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WASHI CO Sept 2018

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › WASHI CO Sept 2018

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 7, 2021 at 2:16 pm #616255
    cayz
    Participant
    • Topics: 10
    • Replies: 15
    • ☆

    How are you sir. I was working on Washi Co question in BPP Revision kit. According to my understanding we are supposed to choose call option if the transaction to be hedged involves receiving money. However the answer chose put option thank you for your help.

    April 7, 2021 at 3:26 pm #616267
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    They are receiving euros and need to sell euros to convert to Japanese Yen.

    The contract size is quote in euros and therefore they need the option to sell euros at a fixed rate, which is a put option.

    April 8, 2021 at 9:58 am #616338
    cayz
    Participant
    • Topics: 10
    • Replies: 15
    • ☆

    Thank you sir

    April 8, 2021 at 3:27 pm #616462
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘WASHI CO Sept 2018’ is closed to new replies.

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