On October 31, 2013, Pointers Philippines took delivery from a…

Question Answered step-by-step On October 31, 2013, Pointers Philippines took delivery from a… On October 31, 2013, Pointers Philippines took delivery from a British firm of inventory costing 1,450,000 Euros. Payment is due on January 31, 2014. At the same time, Pointers paid P16, 500 cash to acquire a 90-day call option for 1,450,000 Euros. October 31, 2013December 31, 2013January 31, 2014Strike Price P12.60P12.60P12.60Spot Rate12.6112.6212. 64Forward Rate12.7212.7712.78Fair Value of the Call Option?34,000?What is the fair value of the call option on October 31, 2013?what is the Fair value of the call option on January 31, 2014?What is the Foreign exchange gain due to change in intrinsic value on January 31, 2014? Accounting Business Financial Accounting ACCOUNTING 12 Share QuestionEmailCopy link Comments (0)