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CFA Level III Practice Question for May 3rd
286 Answers Today

A U.S.-based investor has purchased a 15,000,000 peso office building in Mexico. He has hedged his investment by selling forward futures at $0.1098/peso. Two months later, the futures exchange rate has fallen to $0.0921/peso. The investor's net change in the futures position is:

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Question: 8/4/20
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