Options
- A
4385
-
4427
Correct answer
- C
4480
- D
4516
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XIII NISM Series XIII
Medium
#NISM
Mr. Sharma invested ₹2,00,000 in a bond yielding 14%. At the time, USDINR = 50, 1-year forward premium = 3%. He hedges using 1-year futures. How much USD can he remit after 1 year?
Practice question from NISM Series XIII for SIF - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.