题目

BU.232.710.W2.SP25 Final: Part 1 - Requires Respondus LockDown Browser

多重下拉选择题

A company expects to buy 8,000 barrels of oil in 6 months. How can the company use forward contracts to create a perfect hedge if each forward contract is written on 1,000 oil barrels and matures in 6 months? Assume the forward price for each barrel of oil today for delivery in 6 months is $78, the spot price of a barrel of oil today is $76 dollars and the spot price of a barrel of oil in 6 months is $85 dollars. What net price does the company pay for each barrel of oil in 6 months (account for both the purchase and the forward position)? What price will the company pay if it remains unhedged? The company has to [ Select ] short long 8 forward contracts. They pay a net price of [ Select ] 78 85 76 dollars for each barrel of oil in 6 months. If the company remains unhedged, it will pay [ Select ] 85 78 76 for each barrel of oil in 6 months.

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思路分析

First, restating the scenario helps frame the hedge. The company plans to buy 8,000 barrels in 6 months and can use forward contracts that cover 1,000 barrels each, maturing in 6 months. The given forward price today is 78 per barrel, the current spot is 76, and the expected spot in 6 months is 85. The question asks for the hedged net price per barrel (accounting for the forward position) and the unhedged price per barrel. Option A: The company must decide whether to go l......Login to view full explanation

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