n NISM Certifications
XIII NISM Series XIII
Medium

Mrs. Soni invests INR 100,000 in a corporate bond at 9% annual return and plans to hedge currency risk using USDINR one-year futures. Spot USDINR was 73, and one-year premium was 5%. After one year, how many USD can she remit?

Practice question from NISM Series XIII for SIF - Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    1680

  2. B

    1009

  3. 1422

    Correct answer

  4. D

    2305

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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