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Biloxi Co. is a U.S.firm that has a subsidiary in China. The subsidiary reinvests 80% of its net cash flows into operations and remits 20%

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Biloxi Co. is a U.S.firm that has a subsidiary in China. The subsidiary reinvests 80% of its net cash flows into operations and remits 20% to the parent. Biloxi Co. has expected cash flows from domestic business equal to $20,000,000 and the Chinese subsidiary is expected to generate 100 million Chinese yuan at the end of the year. The expected value of yuan at the end of the year is $.20. The expected dollar cash flows of the parent of Biloxi Co. in one year are $_ million. O 22 O 34 36 O 24 O 32 26 O 30 28 40 . 20 38 Utah Bank's bid price for Canadian dollars is $.75 and its ask price is $.80. The bid/ask spread is %. 07.14 O 13.33 6.25 O 14.29 18.75 6.67 7.69 15.38 23.08 12.50 A foreign exchange dealer is quoting you two prices for Euro: $1.42 and $1.39, depending on whether you are buying or selling. The bid-ask spread is % -2.16 0 -2.07 2.16 -2.11 2.07 2.11

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