Professor R. Biswas
Review Problems and Answers
Three days ago, you entered into a futures contract to sell 62,500 at $1.50 per .
Over the past three days the contract has settled at $1.50, $1.52, and $1.54. How
Review Questions for Exam II
1. IBM purchased computer chips from NEC, a Japanese electronics concern, and was billed 250
million payable in three months. Currently, the spot exchange rate is 105/$ and the three-month