Questions: Q1. If the price of a Swiss franc is $0.82: a) what is the price of $1 in Swiss francs? b) how many franks are necessary to purchase a $10 book? Q2. In 2019 year, Sokcho Inc. had investments in Vietnam worth 400,000 euros when the euro was worth $1.50. If the euro is trading for $1.20 today, what is the gain or loss in value of the investments expressed in dollars and in euros? Q3. Using the data for South Korea below, calculate the balance on the current account and financial accounts: Imports $211.5 Net income from foreign investments $32.3 Foreign investments in Korea $7.7 Government spending abroad Exports $182.1 $4.6 Principles of Finance Professor: Juraev S. Sirojiddin Korean investments abroad $24.7 Foreign securities bought by Korean residents $4.9 Korean securities bought by foreigners $2.8 Purchase of short-term foreign securities $6.5 Foreign purchases of Korean short-term securities $9.1