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A customer in Crownland asks a bank for peso/crown quote. The bank quotes: Peso/Crown = 1.1935 1.1945 a- How many pesos will it cost customer
- A customer in Crownland asks a bank for peso/crown quote. The bank quotes: Peso/Crown = 1.1935 1.1945
- a- How many pesos will it cost customer to buy C1,000,000
- b- How many pesos will customer receive if she sells C1,000,000?
- c- What is the market makers P&L from selling and buying C 1,000,000?
- d- How many crowns will it cost customer to buy P1,000.000?
- e- How many crowns will customer receive if she sells P1,000,000?
- f- What is the market makers P&L from selling and buying P1,000,000?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
10th Edition
0201785676, 9780201785678
