Question
1.Your company does business in many countries with the result that you have contracts payable in multiple currencies. The company has a debt service payment
1.Your company does business in many countries with the result that you have contracts payable in multiple currencies. The company has a debt service payment due tomorrow morning, in Chinese Yuan (), of 750. The company currently has $100 available for the payment. Failure to pay all of what is owed will result in failure of the company. The fixed exchange rate of for $ is 6.5 (e /$ = 6.5). It is your responsibility to use the FOREX markets available to your company to keep the company from failing. Your access is somewhat limited, in that you can access only three markets: New York City (NYC), London and Singapore. You only have 2 times to trade currency and you must do all the transactions in a single time period - morning and evening. The relevant exchange rates are given below. As given in the tables below, e$/ = 1.5 means that for each you sell you receive 1.5 $.
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