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QUESTION
XYZ Corp. holds a forward contract to purchase 100,000 euros in 60 days at a rate of $0. The spotrate for euros is $0. The contract is worth...
XYZ Corp. holds a forward contract to purchase 100,000 euros in 60 days at a rate of $0.89. The spotrate for euros is $0.90. The contract is worth $1,046.49 now. What is the market value of thecontract? What is the notional amount?
