Buying Currency Options with Strike Prices That Approximate the Break-Even

question 39

Multiple Choice

Buying currency options with strike prices that approximate the break-even value of currencies for a project is an appropriate currency risk management tool,but:

• A)option strike prices are often not available for the break-even value of currencies.
• B)option strike prices cannot be established before the option date arrives.
• C)option premiums for such options may be prohibitively high.
• D)option premiums are only determined after the options are obtained,so the cost of options are variable.

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