Question
On June 15, a US firm is planning to import Mexican caviar worth Pesos 2 million...
On June 15, a US firm is planning to import Mexican caviar
worth Pesos 2 million due on July 15 (one month later). The firm
decides to hedge its payables position by using September peso
futures. The spot rate on June 15 is US$ 0.0630 / peso and the
September futures price on June 15 is at $0.0665 per peso. One
month late on July 15, the spot rate is $0.0570 / peso while the
September futures price is $0.0615 / peso. Assume contract size is
2 million pesos.
What is the total net cost of APs in US $ to the U.S.
importer?
Homework Answers
Answer #1
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE
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