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According to fedai a forward contract which has been matured and not picked gets automatically cancelled on the third working day....but in the video it was mentioned 7 working day
GOODMORNING
the answer for question at 7:43 is "D" ie 34.58
Yes it must be .75/46.10
@@akankshasaalwar8703 no it will be usd/inr * eur/usd and will be calcualted as 46.1*1/0.75 = 61.466 rounded off to 61.47.
Value of USD is lesser than euroi. e. $1=£.0.75 so answer is 61.47
According to fedai a forward contract which has been matured and not picked gets automatically cancelled on the third working day....but in the video it was mentioned 7 working day
GOODMORNING
the answer for question at 7:43 is "D" ie 34.58
Yes it must be .75/46.10
@@akankshasaalwar8703 no it will be usd/inr * eur/usd and will be calcualted as 46.1*1/0.75 = 61.466 rounded off to 61.47.
Value of USD is lesser than euro
i. e. $1=£.0.75 so answer is 61.47