Options
- A
1096
- B
1674
- C
1232
-
1593
Correct answer
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XIII NISM Series XIII
Medium
#NISM
A person invests ₹1,00,000 at 16% for a year. USDINR spot = 70, one-year premium = 4%. If hedged using futures, how many USD can be remitted?
Practice question from NISM Series XIII for SIF - Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.