From the Yahoo site for exchange rates (finance.yahoo.com › quote › GBPBHD=X uk.finance.yahoo.com/quote/

GBPEUR=X/) calculate the daily standard deviation under the assumption that net cash flows will be converted to UK pounds on a monthly basis.

Questions 11 to 15 relate to the following income statement for YTR plc.

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GBPEUR 1.2 GBPBHD 0.51 Foreign s Bahraini Domestic Total Dinar (BHD) s Sales 150,000 100,000 120,000 441,078 Cost of sales 120,000 270,000 370,000 Gross profit 71,078 Expenses 5,000 20,000 10,000 53,382 Net profit 17,696