Question
Could you please help me with these problems? Thanks! Sandhill, Inc., sold equipment to an Irish firm and will receive 1,335,100 in 30 days. If
Could you please help me with these problems? Thanks!
Sandhill, Inc., sold equipment to an Irish firm and will receive 1,335,100 in 30 days. If the company entered a forward contract to sell at the 30-day forward rate of $1.2570/, what is the dollar revenue received?(Round answer to 2 decimal places, e.g. 15.25.)
What is the Revenue Received?
Bank of America quoted the 180-day forward rate on the Japanese yen at $0.009702/. The spot rate was quoted at $0.009466/. What is the forward premium or discount on the Japanese yen? (Round your final answer to the nearest percentage.)
The foreign exchange department at Tokyo's Daiwa Bank quoted the spot rate on the euro at 0.007130/. The 90-day forward rate is quoted at a premium of 4.50 percent on the euro. What is the 90-day forward rate?(Round answer to 6 decimal places, e.g. 15.251945. Use 360 days for calculation.)
What is the Forward Rate?
Given the following quotes, calculate the / cross rate.(Round answer to 4 decimal places, e.g. 15.2578. Do not enter currency sumbols in your answer.)
Bank of America
$1.650/
JP Morgan Chase
$1.3799/
What is the Cross Rate?___/
Crane Autos has contracted with an Indian software firm for design software. The payment of 26,000,000 rupees (Rs) is due in 30 days. What is the cost in dollars if the 30-day forward rate is Rs64.00/$.(Round answer to 2 decimal places, e.g. 15.25.)
Cost of Software?
Wildhorse Corporation's recent sale to a firm in Mexico produced revenues of 13,750,000 Mexican pesos (MPs). If the firm sold the pesos to its bank and was credited with $990,000.00, what was the spot rate at which the pesos were converted?(Round answer to 4 decimal places, e.g. 15.2578.)
SpotRate? $____/MP
A foreign exchange dealer is willing to buy the Danish krone (DKr) at $0.1551/DKr and will sell it at a rate of $0.1566/DKr. What is the bid-ask spread on the Danish krone?(Round answer to 2 decimal places, e.g. 17.52%.)
Bid-Ask Spread %
A foreign exchange dealer is willing to buy the New Zealand dollar (NZ$) at $0.7621/NZ$ and will sell it at a rate of $0.7714/NZ$. What is the percentage bid-ask spread?
(Round your final answer to two decimal place places.)
State Bank of India has offered a spot rate quote on Indian rupees (Rs.) of Rs. 42.47/$. The Indian rupee is quoted at a 30-day forward discount of 7.65 percent against the dollar. What is the 30-day forward quote?
Bartman, Corp. observes that the Swiss franc (SF) is quoted at $0.6164/SF, while the Swedish krona (SK) is quoted at $0.1981/SK. What is the SK/SF cross rate? (Round your final answer to four decimal places.)
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