
- UID
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- 帖子
- 402
- 主题
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- 注册时间
- 2011-7-11
- 最后登录
- 2016-4-19
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My thought process was:
Forward is undervalued, so we should purchase the pound forward and sell the pound short. In order to sell the pound short, we need pounds, so we borrow pounds, convert it to USD and invest it in a risk free asset. At expiration we take our USD proceeds, convert to pounds at the forward rate and pay off our loan and keep the excess.
NO EXCUSES |
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