Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 23E: Assume that an investment of 100,000 produces a net cash flow of 60,000 per year for two years. The...
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Suppose you have 1,000,000 PHP and you enter into a 1yr USDPHP NDF forward deal with City Bank, where you buy USD at the 1yr forward rate. Suppose a year from now, USDPHP spot is at 53.50 and 1yr USDPHP forward is at 54.00. Compute for the total PHP gain you realized.
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