Business, 28.10.2020 16:50 astultz309459

A few months ago, an investor went long a forward contract to purchase EUR 10,000 at a forward price of USD 1.25 per EUR. The contract still has 9 months to maturity. The current 9-month forward price of Euro is USD 1.20 per EUR, and the 9-month interest rate for USD is 3% per annum (continuously compounded). What is the present value of this forward contract to this investor

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A few months ago, an investor went long a forward contract to purchase EUR 10,000 at a forward price...

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