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Answer the following questions based on the following table: American Terms New Zealand dollar NZD Singapore dollar SGD Bid 7265 6135 Ask. .7272 .6140
Answer the following questions based on the following table: American Terms New Zealand dollar NZD Singapore dollar SGD Bid 7265 6135 Ask. .7272 .6140 European Terms Bid 1.3751 1.6287 Ask 1.3765 1.6300 (1) If a retail customer wants to buy 1 million USD with NZD, how much NZD he has to pay? (2) If a retail customer wants to buy SGD with 1 million USD, how much SGD he will get? (3) A retail customer plans to sell holding of equities worth of NZD 1,000,000 to buy equities denominated in SGD. How much SGD equity he can buy? (4) Calculate NZD/SGD bid price.
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
