Q3. Rosina Lesotho Plc has a branch office in Belgium which exports goods to the USA and invoices its customer for $526

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answerhappygod
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Q3. Rosina Lesotho Plc has a branch office in Belgium which exports goods to the USA and invoices its customer for $526

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Q3 Rosina Lesotho Plc Has A Branch Office In Belgium Which Exports Goods To The Usa And Invoices Its Customer For 526 1
Q3 Rosina Lesotho Plc Has A Branch Office In Belgium Which Exports Goods To The Usa And Invoices Its Customer For 526 1 (31.77 KiB) Viewed 20 times
Q3. Rosina Lesotho Plc has a branch office in Belgium which exports goods to the USA and invoices its customer for $526 000 payable in July. It is now May: Spot EUR/USD 0.7320-0.7345 Spot EUR/USD 0.7210 -0.7228 (August) In August USD/EUR futures contracts are priced at €73.55 (per $100). The contract size is $20 000. And the: Required: (a). If the future hedge is set up, calculate the profit or loss on target receipts (6marks). (b). Calculate the profit or loss on futures position if August futures is bought at €72.22 (per $100) (9marks).
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