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PLEASE HELP ASAP, THANK YOU, UPVOTE WILL BE GIVEN You want to prepare for your future travels to Japan by exchanging Australian Dollars (AUD) for
PLEASE HELP ASAP, THANK YOU, UPVOTE WILL BE GIVEN
You want to prepare for your future travels to Japan by exchanging Australian Dollars (AUD) for Japanese Yen (JPY). The bank quotes bid-ask rates of JPY129.789-JPY131.1/USD and USD1.4054656-USD1.4168/AUD. What is the bank's direct asking price of yen per Australian dollar (JPY/AUD)? a. 100.838 b. 0.011 c. 92.532 d. None of these. e. 185.742 Batman has a contract to purchase 47000 ventilator for patients in Gotham City from a Japanese supplier in 3 months. Both of them agree to share currency risk. As part of the risk sharing arrangement they set a base rate of JPY 151.13/USD. There is a neutral zone that spans JPY143.5735/USD to JPY158.6865/USD. Exchange rate movement outside of this neutral zone is shared equally. If the exchange rate in 3 months is JPY181.356/USD. What is the exchange rate at which Batman transect with the supplier for the purchase? a. JPY 151.13/USD b. JPY 162.465/USD C. JPY 139.795/USD d. JPY 132.239/USD e. JPY 181.356/USD Himalayan Bank quotes a bid rate for the Indian rupee (INR) of A$0.0280 and an ask rate of A$0.0283. Chogori Bank quotes a bid rate for the Indian rupee of A$0.0284 and an ask rate of A$0.0285. You have just completed FINS3616 and detect an opportunity for arbitrage in these quotes. Your rich uncle is willing to lend you A$1,000 for one day if you repay him A$1,005 tomorrow. If you accept your uncle's offer, the return from conducting arbitrage, after accounting for the cost of borrowing, is a. 0.147% O b.-2.254% C. -0.147% O d. -0.852% Consider the following fixed-for-fixed currency swaps in Swiss francs and Canadian dollars. The notional principals are CAD58,198,500 and CHF60,750,000, and the CAD rate is 8.25% p.a. while the CHF rate is 7.00% p.a.. Payments are made quarterly, and the current exchange rate is CAD0.9580/CHF. What are the interest payments each period? Select one: a. CHF1,018,474; CAD5,011,875 b. CHF1,063,125; CAD1,063,125 O c. CHF1,252,969; CAD1,018,474 d. CHF1,200,344; CAD1,063,125 e. CHF1,063,125; CAD1,200,344Step by Step Solution
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