1.11 Example (page 3) On august 16, 2001 the treasurer of a corporation enters into(签署) a long forward contract(多头远期合约) to buy￡1 million in six months at an exchange rate of 1. 4359 This obligates the corporation to pay $1, 435, 900 for f1 million on February 16, 2002 What are the possible outcomes? Options, Futures, and Other Derivatives, 4th edition g 2000 by John C Hull Tang Yincai, C 2005Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, © 2005 1.11 Example (page 3) • On August 16, 2001 the treasurer of a corporation enters into(签署) a long forward contract(多头远期合约) to buy £1 million in six months at an exchange rate of 1.4359 • This obligates the corporation to pay $1,435,900 for £1 million on February 16, 2002 • What are the possible outcomes?