yung 發問時間: 社會與文化語言 · 1 0 年前

20點×2 關於金融英文翻易問題~~急

以下三題選擇題翻譯成中文意思及正確答案是哪一個選項?

1.The world's largest currency trading market is

a. New York

b. Frankfurt

c. Tokyo

d. London

2.Apex corporation must pay its Japanese supplier ¥125 million in three months. It is thinking of buying 20 yen call options (contract size is ¥6.25 million) at a strike price of $0.00800 in order to protect against the risk of a rising yen. The premium is 0.015 cents per yen. Altematively, Apex could buy 10 three-month yen futures contracts (contract size is ¥12.5 million) at a price of $0.007940 per yen. The current spot rate is ¥1=$0.007823. Suppose Apex's treasurer believes that the most likely value for the yen in 90 days is $0.007900, but the yen could go as high as $0.008400 or as low as $0.007500.

a.Diagram Apex's gains and losses on the call option position and the futures position within its range of expected prices (see Exhibit 8.4).Ignore transaction costs and margins.

b.Calculate what Apex would gain or lose on the option and futures positions if the yen settled at its most likely value.

c.What is Apex's break-even future spot price on the option contract? On the futures contract?

d.Calculate and diagram the corresponding profit and loss and break-even positions on the futures and options contracts for the sellers of these contracts.

3.Buy Put Options乃:(A)看空後市 (B)看多後市 (C)多空不定 (D)以上皆非

1 個解答

評分
  • 老古
    Lv 7
    1 0 年前
    最佳解答

    1. The world's largest currency trading market is 全球最大的貨幣交易市場是:

    a. New York

    2.Apex corporation must pay its Japanese supplier ¥125 million in three months. It is thinking of buying 20 yen call options (contract size is ¥6.25 million) at a strike price of $0.00800 in order to protect against the risk of a rising yen. The premium is 0.015 cents per yen. Altematively, Apex could buy 10 three-month yen futures contracts (contract size is ¥12.5 million) at a price of $0.007940 per yen. The current spot rate is ¥1=$0.007823. Suppose Apex's treasurer believes that the most likely value for the yen in 90 days is $0.007900, but the yen could go as high as $0.008400 or as low as $0.007500.

    Apex公司在必須在三個月內支付日本供應商¥12500萬. 他們正考慮以$0.00800的屨約價格購入20單位之買權(購入之選擇權)(每一單位為¥625萬)以避免日幣升值的風險。貼水為 0.015分/¥或者, Apex也可以$0.007940/¥買10單位三個月期的遠期外匯(每單位為¥1250萬)。即期匯率為¥1=$0.007823。如果Apex的財務人員相信日幣匯率在90天最可能是$0.007900,但也可能高至$0.008400或低至$0.007500。

    a.Diagram Apex's gains and losses on the call option position and the futures position within its range of expected prices (see Exhibit 8.4).Ignore transaction costs and margins.

    請將Apex購入買權及遠期外匯在各價格範圍內(參照Exhibit 8.4)的損益予以圖示。暫不考慮交易成本。

    b.Calculate what Apex would gain or lose on the option and futures positions if the yen settled at its most likely value.

    如果日圓在最可能的價位結算, 請算出Apex 購入買權或遠期外匯的損益

    1. 購入買權: 總損失= 0.00015*125,000,000=18,750

    2. 購入遠期外匯:總損失=(0.00794-0.0079 )*125,000,000 = 5,000

    c .What is Apex's break-even future spot price on the option contract? On the futures contract?

    其損益平衡的價格各為何?

    3. 購入買權: 平衡點= 0.008+0.00015=0.00815

    4. 購入遠期外匯:平衡點=0.00794

    d.Calculate and diagram the corresponding profit and loss and break-even positions on the futures and options contracts for the sellers of these contracts.

    從賣方觀點回答前兩題:

    5. 售出買權: 總盈餘= 0.00015*125,000,000=18,750

    6. 售出遠期外匯:除手續費外應無損益(?)

    其損益平衡的價格各為:

    7. 售出買權: 平衡點= 0.008-0.00015=0.00785

    8. 售出遠期外匯:並無損益的問題(?)

    3.Buy Put Options乃:(A)看空後市

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