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Question 4. Suppose ABC Bank receives quotes of $0.009369-71 for the yen () and $0.03675-76 for the Taiwan dollar (NTS). 1. How many dollars will

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Question 4. Suppose ABC Bank receives quotes of $0.009369-71 for the yen () and $0.03675-76 for the Taiwan dollar (NTS). 1. How many dollars will the ABC receive from the sale of 50 million? 2. What is the dollar cost to the ABC Bank of buying 1 billion? 3. What bid and ask yen (*) cross exchange rates would quote on the Taiwan dollar (NTS)

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