ABC Corporation agreed that it will buy 1,000 USD at an exchange rate of P52 one month from now. The exchange rate on the transaction date is P54. How much is the net gain/(loss) based on the information above?
ABC Corporation agreed that it will buy 1,000 USD at an exchange rate of P52 one month from now. The exchange rate on the transaction date is P54. How much is the net gain/(loss) based on the information above?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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ABC Corporation agreed that it will buy 1,000 USD at an exchange rate of P52 one month from now. The exchange rate on the transaction date is P54. How much is the net gain/(loss) based on the information above?
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