ACI
3I0-012 · Question #199
At the end of the day, you are short CHF 3,500,000.00 against SEK at 6.9275. You are asked to revalue your position at 6.9190. What is the resulting profit or loss?
The correct answer is B. Profit of SEK 29,750.00. See the full explanation below for the reasoning.
Question
At the end of the day, you are short CHF 3,500,000.00 against SEK at 6.9275. You are asked to revalue your position at 6.9190. What is the resulting profit or loss?
Options
- AProfit of CHF 29,750.00
- BProfit of SEK 29,750.00
- CLoss of SEK 29,750.00
- DLoss of CHF 29,750.00
How the community answered
(27 responses)- A4% (1)
- B74% (20)
- C15% (4)
- D7% (2)
Community Discussion
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