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Derivatives (Equity, Currency, Commodities)
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NISM Sample Question
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i think this is the correct answer
Trader buys 30/3 =10 ounce & pays 1500*10 = 15000 USD.
He has risk of USD depriciating so he is hedging of USD of 18000/1000 = 18 lot
He sold 6 months USDINR future cintract at rs 46 & sqared it off at rs 44.So he got benefit of (46-44) =2*1000*15 = 30000.
He buys gold in rs 30*22000 =66000 & sold it on 30*24000 =720000. He got benefit of 720000-660000 = 60000. (in 6 months)
Total benefit during 6 minths period = 30000+60000 = 90000
Percentage real rate of return would be (90000/660000)*100% = 13.6%
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