In my opinion, the gain/loss of the 0.74 GBP/EUR forward arrangment shall be the difference of higher price to sell EUR and lower price to sell EUR, not the higher price to sell EUR and lower price to buy EUR.

Key difference is that i use 0.7356 to sell EUR into GBP. Reason is that the firm can either sell EUR at 0.7356 for GBP or sell EUR at 0.74 for GBP, the difference is the vaue of the forward , so future gain is 5,000,000*(0.74-0.7356)=22,000, PV is 21,968 (discounted by (1+0.58%*1/4))

题干给了JPY和GBP的libor, 也给了JPY/GBP现汇汇率，应该可以用covered interest rate parity算出远期JPY/GBP汇率，为何不选这个呢？

这里明明说total capital =E+D total asset=E+L那么两者之间就差D－L也就是无息的负债，怎么就突然有说差了cash

这里明明说total capital =E+D total asset=E+L那么两者之间就差D－L也就是无息的负债，怎么就突然有说差了cash

这里明明说total capital =E+D total asset=E+L那么两者之间就差D－L也就是无息的负债，怎么就突然有说差了cash

小r是什么意思？我不懂了，忘了😣

小r是什么意思？我不懂了，忘了😣

小r是什么意思？我不懂了，忘了😣

老师，想问下第四个，是应该说不要相同？？不要homo？