An American business needs to pay (a) 10,000 Canadian dollars, (b) 2 million yen, (c) 50,000 Swiss

Question:

An American business needs to pay

(a) 10,000 Canadian dollars,

(b) 2 million yen,

Swiss francs to businesses abroad. What are the dollar payments to the respective countries?

Selling quotes for Foreign Currencies in newYork

An American business needs to pay (a) 10,000 Canadian dollars,

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Financial Management Principles and Applications

ISBN: 978-0133423822

12th edition

Authors: Sheridan Titman, Arthur Keown, John Martin

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Question Posted: Oct 31, 2014 07:37 AM

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Complete the table below, for the above transactions

An American business needs to pay (a) 10,000 Canadian dollars, (b) 2 million yen, (c) 50,000 Swiss

Question:

Contract Spot 30-day 90-day Spot 30-day 90-day Spot 30-day 90-day Country- Currency Canada dollar /Foreign Currency 8437 8417 8395 004684 004717 004781 5139 5169 5315 Japan-yen Switzerland-frand

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a b c To find the number of dollars that the business needs to pay we simply need to multiply the f...View the full answer

Financial Management Principles and Applications

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