On December 1,20X8,Hedge Company entered into a 60-day speculative forward contract to sell 200,000 British pounds (£) at a forward rate of £1 = $1.78.On the same day it purchased a 60-day speculative forward contract to buy 100,000 euros (€) at a forward rate of €1 = $1.42.
The rates are as follows:
Hedge had no other speculation transactions in 20X8 and 20X9.Ignore taxes.
-Based on the preceding information,what is the overall effect of speculation on 20X8 net income?
Definitions:
Endometrial Sampling
A medical procedure involving the removal of a small piece of tissue from the lining of the uterus for testing or analysis.
Transvaginal Ultrasound
An ultrasound examination performed through the vagina to provide images of the pelvic organs.
Premenopausal Women
Refers to women who have not yet undergone menopause, the period before the cessation of monthly menstrual cycles.
Female Athlete Triad
A syndrome in female athletes characterized by low energy availability, menstrual dysfunction, and decreased bone mineral density.
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