You have sold yen104 million at a spot price of yen104 one


You have sold ¥104 million at a spot price of ¥104/$. One year later, you pay dollars to buy back ¥104 million at the prevailing spot rate of ¥100/$. How much have you gained or lost in dollars?

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Finance Basics: You have sold yen104 million at a spot price of yen104 one
Reference No:- TGS01157379

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