Can you please help me with questions 5 through 14 attached? and explanations of how to get the bid/ask inverse. This is a problem set for a multinational practice test and I need help please!

Multinational Financial Management Problem Set 4 Name ________________________________________ Currency Day High Day Low EUR/USD 1.0828 1.0762 GBP/USD 1.2707 1.2525 % Change Bid Ask +0.05% 1.0772 1.0778 -1.00% 1.2526 1.2528 Using the bid/ask quotes above and assuming you are a customer: 1) How many euros could you buy with $100? 2) If you were selling 1,000 how many dollars would you receive? 3) Write the bid-ask quote for the euro in abbreviated form. 4) What is the mid-rate for the British pound? Let us look at the quotes for the Yen, Swiss franc and Canadian dollar which are quoted in European terms. Currency USD/JPY USD/CHF USD/CAD Day High 113.36 0.99380 1.3052 Day Low 112.06 0.98710 1.2982 % Change -0.46% -0.08% -0.18% Bid 112.71 0.99150 1.3024 Ask 112.74 0.99240 1.3025 5) Take the bid and ask for the Yen in the quote and convert it to American terms using the inverse Bid Ask JPY/USD 6) How many Yen could you buy with $100? 7) If you were selling 1,000,000 how many dollars would you receive? 8) Rewrite the Bid and Ask for the Swiss franc and Canadian dollar from the other perspective. Currency CHF/USD CAD/USD Bid Ask 9) How many Swiss francs could you buy with $100? 10) If you were selling C$ 1,000,000 how many dollars would you receive? 11) Use the following cross-currency table to answer questions a through c: Dollar Euro Pound SFranc Peso Yen Canada CdnDLr .......... Japan (F) ...... Mexico ...... Switzerland ......... U.K. ....... Euro (C) ...... U.S. ....... (D) (E) In the cross-currency table above, place the letter (A) in the cell where you would find the number of Swiss franc it takes to buy a British pound. b) Place the letter (B) in the cell where you would find the indirect quote for the Canadian dollar from the U.S. perspective. c) Both cells denoted with (C) and (D) above are quotes between the U.S. dollar and the Euro. How are these cell values MATHEMATICALLY related to each other? HINT: Looking at the table provided in class may help. a) d) Assume the number in (E) is 0.00611. What number would appear in (F)? 12) Assume it takes 113 to buy a dollar and Kr 7.0586 (Denmark krone) to buy a dollar. a) Then how many yen does it take to buy a Denmark krone (/Kr)? Express your answer to four decimal places. b) If you have 10,000 yen how many krone can you buy? 13) Assume it takes 68.1636 Indian rupee to buy a dollar and US$ 0.7299 to buy an Australian dollar. a) Then how many rupee does it take to buy an Australian dollar (INR/AUD)? Express your answer to four decimal places. b) If you have 100,000 rupee how many Australian dollars can you buy? 14) Using the following cross rate table answer the following questions. Dollar Euro Pound SFranc Peso Yen Cdn Canada 1.3024 1.4032 1.6323 1.3126 0.06363 0.01155 ... Japan 112.78 121.51 141.34 113.66 5.5096 ... 86.592 Mexico 20.469 22.054 25.654 20.630 ... 0.18150 15.717 Switzerland 0.99220 1.0690 1.2435 ... 0.04847 0.00880 0.76182 U.K. 0.79789 0.85965 ... 0.80417 0.03898 0.00707 0.61263 Euro 0.92816 ... 1.1633 0.93546 0.04534 0.00823 0.71265 U.S. ... 1.0774 1.2533 1.0079 0.04885 0.00887 0.76781 a) If you have 100 Mexican pesos, how many British pounds can you buy? b) How many yen would it take to buy 100 Swiss francs? c) How many Canadian dollars will US$100 buy? d) How many Euros will $1 buy