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If spot NZD/CHF is quoted to you as 0.

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If spot NZD/CHF is quoted to you as 0.7406-09. How many NZD would you receive in exchange for CHF 5,000,000.00 if you dealt on the price?

A.

3,704,500.00

B.

6,748,549.06

C.

3,703,000.00

D.

6,751,282.74

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Today’s spot value date is the 29th of February.
Repo is said to have “double indemnity” due to the creditworthiness of the counterparty and:
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