| 正文 |
問題：Sally Sitter Co has to pay a French supplier 100,000 euros in 3 months time. The company's financial director wishes to avoid exchange rate exposure, and is looking at four options.
Options
1 Do nothing for three months, then buy the euros at the spot rate.
2 'Lead' with the payment, and pay in full now, buying the euros at today's spot rate.
3 Buy euros now, put them on deposit for three months, and pay the debt with these euros plus accumulated interest.
4 Arrange a forward exchange contract to buy the euros in three months time.
Which of these options would provide cover against exchange rate exposure?
A. Options 1, 2, 3 and 4.
B. Options 4 only.
C. Options 2, 3 and 4.
D. Options 3 and 4.
答案：The correct answer is: Options 2, 3 and 4.
解析：Leading with the payment eliminates the foreign currency exposure by removing the liability. Borrowing short term in euros to meet the payment obligation in 3 months' time matches assets and liabilities in euros and so provides cover against the exposure. A forward exchange contract is a well-used method of hedging against transaction exposure.
|
| 導(dǎo)航大圖 | |
| 責(zé)任編輯 | |
| 導(dǎo)語 | |
| 大標(biāo)題 | |
| 標(biāo)題一 | |
| 標(biāo)題二 | |
| 標(biāo)題三 | |
| 標(biāo)題四 |
相關(guān)熱點：
上一篇：上一篇：ACCA F6試題：Sole traders
下一篇：下一篇：ACCA P1試題：Internal control systems
