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A corporate treasurer who was long 3 month futures contracts on British pound sterling for 400,000 pounds subsequently g

Posted: Wed Apr 06, 2022 9:07 am
by answerhappygod
A corporate treasurer who was long 3 month futures contracts on
British pound sterling for 400,000 pounds subsequently goes short 3
month pound forward contracts for 400,000 pounds. Assume the
exchange rate in both cases is equal. What is his net position in
British pound?