Question
Dow Chemical receives a quote from a foreign currency trader of DKK 1.7979 1.8025 / PLZ. a) How many DKK will Dow Chemical receive from
Dow Chemical receives a quote from a foreign currency trader of DKK 1.7979 1.8025 / PLZ. a) How many DKK will Dow Chemical receive from the trader upon a sale of 50 million PLZ? Explain. b) If Dow Chemical wishes to buy 30 million PLZ from this trader how many DKK will they have to pay the trader?
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National Finance A Chinese Perspective
Authors: Yunxian Chen, Heming Yong
1st Edition
9813360917, 978-9813360914
