Question
Assume that You are risk manager at BIC Investment. BI firm wants to fix currency rate for 5.000.000 USD export transaction in 120 days and
Assume that You are risk manager at BIC Investment. BI firm wants to fix currency rate for 5.000.000 USD export transaction in 120 days and 3.000.000 EURO import transaction in 180 days from AC Bank.
Find bid and ask forward rate of AC Bank by using exchange rates and interest rates below. USD/TL: 13,3725/13,9850 EURO/TL: 15,2700/15,4250 USD interest rate: 0,50/1.00 EURO interest rate: 1,25/2.50 TL interest rate: 21.00/27,00
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
