日韩av免费观看一区二区欧美成人h版在线观看|av日韩精品一区在线观看|18岁女人毛片免费看|国产黄色伦理片在线观看|免费看高潮喷水|邻居人妻电影,|久久中文字幕人妻熟av|极乱家族6|蜜久久久91精品人妻|人妻被x,色色色97大神,日韩高清无码一区二区,国产亚洲欧美一区二区三区在线播放

當(dāng)前位置: 東奧會(huì)計(jì)在線> 財(cái)會(huì)答疑> ACCA > AFM > 答疑詳情

計(jì)算利率風(fēng)險(xiǎn)期貨期權(quán)份數(shù)為何要乘借款期間除以合約期間

為什么有計(jì)算利率的風(fēng)險(xiǎn)的期貨和期權(quán)合約數(shù)量,，需要*借款期間/合約期間

Steps in an Exchange-traded Options Hedge 2022-11-18 14:56:25

問題來源：

Steps in an Exchange-traded Options Hedge

Illustration 7:

Vinnick, a US company, purchases goods from Santos, a Spanish company, on 15 May on three months' credit for €600,000.

Vinnick is unsure in which direction exchange rates will move so has decided to buy options to hedge the transaction at a rate of €0.7700 = $1.

The details for €10,000 options at €0.7700 are as follows.

Calls

Puts

July

August

September

July

August

September

2.55

3.57

4.01

1.25

2.31

2.90

The current spot rate is 0.7800.

Required

Calculate the dollar cost of the transaction assuming that the option is exercised.

Step 1　　Set up the hedge

(a)　Which contract date? August

(b)　Put or call? Call - we need to buy euros (the contract currency)

(c)　Which strike price? 0.7700 (given)

(d)　How many contracts?

=60(no shortage or surplus)

Use August call figure of 3.57. Remember it has to be multiplied by 0.01 because it is in cents.

Premium = (3.57 × 0.01) × contract size × number of contracts

Premium = 0.0357 × 10,000 × 60 = $21,420

Step 2　Outcome

Options market outcome

60 contracts×€10,000

Outcome of options position　　　　　　 €600,000

　　　　　　　　　　　　　　　　　　　　　No surplus or shortfall

Step 3　Net outcome

 

$

Options position (600,000/0.77)

(779,221)

Premium

(21,420)

 

(800,641)

查看完整問題

李老師

2022-11-19 09:25:25 1090人瀏覽

哈嘍,！努力學(xué)習(xí)的小天使：

不好意思,，沒太理解您的問題，麻煩在老師的課件中明確一下您有疑問的具體位置,，方便為您進(jìn)行針對(duì)性的解答,。

每個(gè)努力學(xué)習(xí)的小天使都會(huì)有收獲的，加油,！
有幫助(7) 答案有問題,？
熱門知識(shí)點(diǎn)
輔導(dǎo)課程
24年ACCA新課

我們已經(jīng)收到您的反饋

確定