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zalisa [80]
3 years ago
14

Jetta production cost in 2002 and 2003 was 12,000 Euro per Jetta. Jettas were sold in US at $13,000 in 2002 and 2003. Forward he

dge exchange rate was 1 $/Euro in 2003. The market exchange rate was 1.15 $/Euro (i.e. rate without hedge) in 2003. If 9,000 Jetta were sold in US, in 2003, by 60% forward hedge and 40% not hedged. What would be profits or loss from sales of 9,000 Jetta in US?

Business
1 answer:
Tcecarenko [31]3 years ago
5 0

Answer:

Profit of 2.895 million Euro.

Explanation:

Please find attached

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6 0
3 years ago
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