Question
A U.K. firm wants to convert A$200,000 of accounts receivables into U.K. pounds. A currency dealer offers the following bid-ask quotes. The U.K. firm accepts
A U.K. firm wants to convert A$200,000 of accounts receivables into U.K. pounds. A currency dealer offers the following bid-ask quotes. The U.K. firm accepts and receives:
| per US$ | ||
| Country | BID | ASK |
| Australia (A$) | 1.3720 | 1.3725 |
| UK () | 0.6667 | 0.6800 |
Multiple Choice
-
97,151.
-
90,671.
-
None of the options.
-
99,089.
-
106,210.
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The Oxford Handbook Of IPOs
Authors: Douglas Cumming, Sofia Johan
1st Edition
0190614579, 978-0190614577
