问题
单项选择题
Party A has entered a currency forward contract to purchase 10 million at an exchange rate of $ 0.98 per [*]. At settlement, the exchange rate is $ 0.97 per euro. Party A will:()
A. make a payment of $100000.
B. receive a payment of $100000.
C. make a payment of $103090.
答案
参考答案:A
解析:
($0.98-$0.97)×10 million=$100000 loss. Therefore, a payment must be made.