Question
Citigroup quotes Danish Kroner as DKK 6.8871/$ Bid and DKK 6.8922/$ Ask. a. Which CCY is Citi buying at the DKK 6.8871/$ bid rate, and
Citigroup quotes Danish Kroner as "DKK 6.8871/$ Bid and DKK 6.8922/$ Ask".
a. Which CCY is Citi buying at the DKK 6.8871/$ bid rate, and which is it selling at the DKK 6.8922/$ offer rate?
b. What are the bid and ask prices in American Terms? Which CCY is Citi buying at these prices and which is it selling?
c. If you sell $1 MM to Citi at the bid price and simultaneously buy $1 MM at their offer price, how many DKK will you make or lose? What is Citi profit or loss on the transaction?
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a C iti is buying D KK at the D KK 6 88 71 bid rate and selling USD at the D KK 6 89 22 offer rate b The bid price in American Terms is 0 14 68 and th...
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
