280,000 dollars, immediately converted into pounds, and invested for three months. At the same time, sell the investment principal and interest of pounds in the long term. Recover the principal and interest of the pound investment at maturity. If it is sold according to the forward contract, the investment opportunity cost of USD will be reduced and the actual profit will be made:
800000/ 1.75 * ( 1+ 10%/4) * 1.89-800000 * ( 1+6%/4) = $73600.
3. The arbitrator immediately converts the British pound into US dollars, invests it, takes it out at maturity, and then converts it into British pounds. If the exchange rate remains unchanged, arbitrage gains (minus the opportunity cost of sterling investment):
100000 * 1.5770 * ( 1+ 10%)/ 1.5780- 100000 * ( 1+8%) = 65438.
Sterling premium, the forward exchange rate is1= (1.5770+0.0110)/(1.5780+0.0120) =/kloc-
4. The arbitrator immediately converts the pound into US dollars for investment, and at the same time sells the long-term investment principal and interest in US dollars. Recover the principal and interest of the US dollar investment at maturity, and sell the pound according to the long-term contract, minus the investment opportunity cost of the pound, and arbitrage income:
100000 * 1.5770 * ( 1+ 10%)/ 1.5900- 100000 * ( 1+8%) = 65438.
1. The spot market exchange rate is 1 USD =5.5 Hong Kong dollars, and the Hong Kong dollar exchange rate is higher than the implementation exchange rate. The lessee executes the option contract, buys HK$ 3 million at the price of HK$ 6 1 USD, and pays USD 550,000.
The spot market exchange rate is 1 USD =6.5 HKD, and the HKD exchange rate is lower than the execution exchange rate. Therefore, the lessee * * * paid USD 3 million/6.5+50,000 = 565,438+0.10.538 million under the condition of paying the option fee.
2. Foreign exchange deposit interest rate table 20 10-03-23
7-day notice of money demand, one month, three months, six months, one year and two years.
1) USD 0.1000.1000.2500 0.4000 0.75001.00001.2000.
2) GBP 0.1250 0.1750 0.2500 0.3500 0.6000 0.7500 0.7500 0.
3) Euro 0.1000 0.3750 0.4500 0.6500 0.95001.1.1500.
3. Annual rate of return: the so-called investment, the actual rate of return that can be obtained after one year of calculation. Annualized rate of return: it is to calculate the current income, such as daily interest rate, monthly interest rate and weekly interest rate, and get the corresponding income, which investors can't get theoretically.