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Six months ago, Qualitybank issued a $120 million, one-year-maturity CD, denominated in British pounds (Euro CD). On the same date, $70 million was invested in
Six months ago, Qualitybank issued a $120 million, one-year-maturity CD, denominated in British pounds (Euro CD). On the same date, $70 million was invested in a pound-denominated loan and $50 million in a U.S. Treasury bill. The exchange rate on this date was pound 1.5382 for $1. If you assume no repayment of principal and if today's exchange rate is pound 1.1905 for $1: What is the current value of the Euro CD principal in dollars and pounds? (Do not round intermediate calculations. Enter your answers in millions. Round your answers to 2 decimal places, (e.g., 32.16)) What is the current value of the British loan principal in dollars and pounds? (Do not round intermediate calculations. Enter your answers in millions. Round your answers to 2 decimal places, (e.g., 32.16)) What is the current value of the U.S. Treasury bill in dollars and pounds? (Do not round intermediate calculations. Enter your answers in millions. Round your answers to 2 decimal places, (e.g., 32.16)) What is Quality bank's profit/loss from this transaction in dollars and pounds? (Input all amounts as positive values. Do not round intermediate calculations. Enter your answers in millions. Round your answers to 2 decimal places, (e.g., 32.16))
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