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  • Q Hedging1

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    Waqqar Un Nisa
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    Worldstream finalised a deal with a Japan based firm for import of 40,000 CASIO calculators having unit cost of Y=2,850 for delivery in the first week of august, 2007. SPOT and forward currency rates as On May 1, 2007, were as under: SPOT June futures July futures August futures.005237.005295.005320.005378 the shipment did arrive on time and payment was made on August 5, 2007. The SPOT rate on August 5, 2007, was.0054

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    Q-Hedging1

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    Worldstream finalised a deal with a Japan based firm for import of 40,000 CASIO calculators having unit cost of Y=2,850 for delivery in the first week of august, 2007. SPOT and forward currency rates as On May 1, 2007, were as under: SPOT June futures July futures August futures.005237.005295.005320.005378 the shipment did arrive on time and payment was made on August 5, 2007. The SPOT rate on August 5, 2007, was.0054

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    Attribution Non-Commercial (BY-NC)
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    6 Ansichten1 Seite

    Q Hedging1

    Hochgeladen von

    Waqqar Un Nisa
    Worldstream finalised a deal with a Japan based firm for import of 40,000 CASIO calculators having unit cost of Y=2,850 for delivery in the first week of august, 2007. SPOT and forward currency rates as On May 1, 2007, were as under: SPOT June futures July futures August futures.005237.005295.005320.005378 the shipment did arrive on time and payment was made on August 5, 2007. The SPOT rate on August 5, 2007, was.0054

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als DOC, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 1

    Question:

    Worldstream Inc. a U.S. based firm, frequently enters in overseas trades and covers
    exchange risk by hedging.

    On May 1, 2007, Worldstream finalised a deal with a Japan based firm for import of
    40,000 CASIO calculators having unit cost of ¥2,850 for delivery in the first week of
    August, 2007.

    The SPOT and forward currency rates as on May 1, 2007, were as under:

    SPOT .005237

    June futures .005295

    July futures .005320

    August futures .005378

    The shipment did arrive on time and payment was made on August 5, 2007. The
    SPOT rate on August 5, 2007, was .005420.

    The open positions in the futures market were also liquidated at the rate of
    0.005416.

    REQUIRED:

    You are required to compute the gain or loss to Worldstream as a result of hedging.

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