CHAPTER 16 PROBLEM
INTERNATIONAL BUSINESS FINANCE
Selling Quotes for Foreign Currencies in New York
		Contract	Foreign
Country		per day	Currency
Canada - dollar		Spot	0.8437
		30	0.8417
		90	0.8395
Japan - yen		Spot	0.004684
		30	0.004717
		90	0.004781
Switzerland - franc		Spot	0.5139
		30	0.5169
		90	0.5315
PROBLEM 16-1
DATA
An American business pay 10,000 Swiss franc	0
U.S. dollars needed		0
PROBLEM 16-2
SPOT EXCHANGE RATES
DATA
American business pays in local currency:
Canadian dollars		10,000
Japanese yen		2,000,000
Swiss francs		50,000
In American Dollars:
a) Canadian payment		0
b) Japanese payment		0
c) Swiss payment		0