anon_ch posted a question
28. Andrea Cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is ¥129.87/$ and the 6- month forward rate is ¥128.53/$. Andrea thinks the yen will move to ¥128.00/$ in the next six months. Andrea should ________ at ________ to profit from changing currency values. a) buy yen; at the forward rate b) buy dollars; at the forward rate c) sell yen; at the forward rate d) There is not enough information to answer this question.
Tutor answered the question
Dear Student Please find attached solution of your assignment. Regards  

Download Preview:

QUESTION:
28. Andrea Cujoli is a currency speculator who enjoys "betting" on changes in the foreign
currency exchange market. Currently the spot price for the Japanese yen is 129.87/$ and...