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1. Suppose Dow Chemical receives quotes of $0.008242-45 for the yen and $0.03023-27 for the Taiwan dollar (NT$) from Bank of America (BOA). That is,
1. Suppose Dow Chemical receives quotes of $0.008242-45 for the yen and $0.03023-27 for the Taiwan dollar (NT$) from Bank of America (BOA). That is, S($/) = $0.008242-0.008245 and S($/NT$) = $0.03023-0.03027. 1.d. How many yen will Dow Chemical receive for NT$200 million? 1.e. What is the yen cost to Dow Chemical of buying NT$80 million? That is, how much yen does Dow Chemical need in order to buy NT$80 million
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