Question
a. The prices of yen are quoted in Tokyo at 115/$ Bid and 118/$ Ask. What are the direct quotations of the bid and ask
a. The prices of yen are quoted in Tokyo at 115/$ Bid and 118/$ Ask. What are the direct quotations of the bid and ask prices in New York?
b. If the exchange rates are quoted as 145/ and HK$20/, then what is the cross- exchange rate of yen per HK$ (/HK$)?
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The Handbook Of Equity Derivatives
Authors: Jack Clark Francis, William W. Toy, J. Gregg Whittaker
1st Edition
0471326038, 978-0471326038
