Question
In a currency swap, using the information below, can you calculate the quarterly payments that should be made in Singapore dollars? The exchange rate is
In a currency swap, using the information below, can you calculate the quarterly payments that should be made in Singapore dollars? The exchange rate is 1.3 Singapore dollars per one US dollar and the notional amount in Singapore dollars is $100,000.00
| TTM | PVF Singapore Dollars | PVF US Dollars | |
| 90 | 0.99 | 0.99 | |
| 180 | 0.95 | 0.98 | |
| 270 | 0.93 | 0.97 | |
| 360 | 0.89 | 0.96 |
Please round your answer to the nearest three decimals. Do not type the $ symbol.
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Introduction To Finance
Authors: Lawrence J Gitman, Jeff Madura
1st Edition
0201635372, 9780201635379
