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A New Zealand company needs to make a payment of 600,000 Thai Baht (THB). To do this it needs to convert New Zealand dollars (NZD)
A New Zealand company needs to make a payment of 600,000 Thai Baht (THB). To do this it needs to convert New Zealand dollars (NZD) to THB and it has received the following exchange rate quotes from a dealer: Use the information above to answer the questions that follow. (a) The amount that the company will need to pay in NZD to purchase the required THB is $ Note: Please provide your answer with two decimal points without commas in the format of xxxx.xx (for example, if the answer is $12,345.67, type in 12345.67 ). (b) The percentage bid-ask spread for the two-sided THB/USD quote is %. Note: Please provide your answer with two decimal points in the format of xx.xx (for example, if the answer is
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