Xyz corp holds a forward contract to purchase 100000 euros
XYZ Corp. holds a forward contract to purchase 100,000 Euros in 60 days at a rate of $0.89. The spot rate for Euros is $0.90. The contract is worth $1,046.49 now. What is the market value of the contract? What is the notional amount?
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xyz corp holds a forward contract to purchase 100000 euros in 60 days at a rate of 089 the spot rate for euros is 090
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