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Question
On December 31, 2001 Historic Bank had long positions of 200,000,000 Japanese Yen and 50,000,000 Swiss Francs. The closing exchange rates were ¥92/$ and Swf1.89/$.
What is the value of delta for the respective positions of the two currencies in dollars?
A. -$200,000,000 and -$50,000,000.
B. -$21,524 and -$261,930.
C. -$21,524 and -$50,000,000.
D. -$200,000,000 and -$261,640.
E. -$21,524 and -$317,642.
Answer
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