Question
Dealer A quotes 1.5053 62 for the EUR/NZD exchange rate to company XYB. Calculate : (i) the price at which A is willing to buy
Dealer A quotes 1.5053 62 for the EUR/NZD exchange rate to company XYB. Calculate
: (i) the price at which A is willing to buy the EUR
(ii) the price at which company XYB can buy the NZD
(iii) the price at which A is willing to sell the EUR
(iv) the price at which company XYB can sell the NZD
(v) the dealers spread
(vi) Dealer A also quotes EUR/USD 1.1832 700.
Calculate USD/NZD.
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International Financial Management
Authors: Jeff Madura
11th Edition
0538482966, 9780538482967
