When hedging a foreign currency position, what makes a down-and-out put unattractive?
What will be an ideal response?
Since you need protection against a rate decline, the termination of the put under a down-and-out barrier defeats the purpose of the hedge.
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On December 20, 2017, Mr. and Mrs. Garrison purchased four tickets for a New Year's Eve party at their church, a qualified charitable organization. Each ticket cost $75 and had a fair market value of $50. The Garrisons gave two of the tickets to a needy family in the community. Mr. Garrison tended bar at the party from 8 p.m. to 4 a.m. and was paid $40. The usual charge for such services is $80. Immediately before midnight, Mr. Garrison pledged $200 to the building fund and delivered a check for that amount on January 2, 2018. Of the amounts described above, the total amount that the Garrisons can include as a charitable contribution deduction for 2017 on a joint return is
a. $340 b. $200 c. $140 d. $100
When two pharmaceutical firms get together to market a drug, their strategy is referred to as
a. high speed. b. cost leadership. c. product differentiation. d. a strategic alliance.