Explain and discuss the hedging strategies using futures, Financial Management

Assignment Help:

Question:

(a) Explain and discuss the hedging strategies using futures

(b) Boeing (an American company) delivered on 1st September 2008 an airplane to a Canadian company. Boeing will receive payment of 4 million Canadian dollars in 2 months time that is on 1st November 2008. Fearing a depreciation of Canadian dollars Boeing decides to buy European puts at the price of 2.85 cents/CAD and the strike price is $0.93. The spot price on the 1st of September 2008 is $0.9280/CAD.

(i) Describe how this strategy will allow Boeing to hedge against the depreciation of the Canadian dollar.

(ii) If the spot rate on the 1st November 2008 is $0.8520/CAD, discuss whether Boeing has benefitted from taking position in the options and calculate the benefits/losses.

(iii) Show the hedging strategies involving options if a company who has debts in a currency is anticipating an appreciation of the currency.


Related Discussions:- Explain and discuss the hedging strategies using futures

Determine about the call and put option, Determine about the call and put o...

Determine about the call and put option A call/ put option provision allow both issuing company and investor to redeem the bonds at a specified amount before maturity date. Lon

International strategic management, undertake a critical review of the curr...

undertake a critical review of the current academic literature to determine the reasons for benefits of and the costs to companies of cross listing.

Show the present value of a single flow, Q. Show the Present Value of a Sin...

Q. Show the Present Value of a Single Flow ? Discounting or else Present Value of a Single Flow (Lump Sum):- We are able to determine the PV of a future cash flow using the for

International bonds, International bonds are divided into two c...

International bonds are divided into two categories namely, foreign bonds and euro bonds. Foreign bonds are issued by a borrowing company in another

Find NPV of 2 Projects, Woody Construction is considering a new 3-year expa...

Woody Construction is considering a new 3-year expansion project that requires an initial fixed asset investment of $3.186 million. The fixed asset will be depreciated straight-lin

Compare and contrast j''s current style of management, When J was promoted ...

When J was promoted to be the new Sales and Marketing Manager for Company L, after working there in different capacities over the last ten years, it was a popular choice between he

Compute the expected profit, A drug company has developed a new painkiller ...

A drug company has developed a new painkiller for chronic pains, although it is doubtful whether the new drug actually has any effect. The company conducts a double-blind experimen

Simple average of the outcomes - time constraint, 1. Your welfare depends o...

1. Your welfare depends on how much time you travel T and how much time you play P and is the product of the two, i.e.,  W = T * P (a) The total amount of time you have is 10 ho

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd