#7 please

Name: Instructions: Complete the following in your selected groups (2-3 students). document per group and be sure to include the names of all group members. Submit only one LEGIBLE 1. If British pounds sell for $1.3027 per pound, what should dollars sell for in pounds per dollar? 2. Assume that a bank's bid rate on US dollars is 70.5180 Russian rubles is and the ask rate is 70.5780. The bid-ask percentage spread is: Suppose that 1 Egyptian pound could be purchased in the foreign exchange market today for S0.0559. If the Egyptian pound depreciated i 5% tomorrow against the dollar, how many Egyptian pounds would a dollar buy tomorrow? 3. A currency trader observes that in the spot exchange market, 1 USD can be exchanged for 3.5806 Israeli shekels or for 111.12 Japanese yen. How many yen should you receive for every shekel exchanged? 4. Assume that the bank's bid quote of Mexican peso is $0.0543 and ask price is S0.0552. How many pesos do you need to purchase $100,000? 5. Suppose you are traveling to Japan for a vacation. You wish to convert $10,000 into yen. When you arrive at the currency exchange, you observe the following: se/s)-101.752 S/S)-104.2562 How many yen do you available when you travel? What is the bid-ask spread (%)? 6. 7. A bank is quoting the following exchange rates: INR/S-72.45 BRI /S-4.0877 A Brazilian firm asks the bank for an INR/BRL quote. What cross-rate would the bank quote? The value of the euro today is S1.1596. Last year, the value of the euro was $1.2036. Therefore, the euro has 8. by % relative to the US dollar in the last year. e USD appreciated by 1% relative to the Canadian dollar in the last month. If the initial value of the