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Suppose Microsoft Corporation (Microsoft) receives quotes of $0.012524 (bid) and $0.012526 (ask) for the yen( ) and $0.033540 (bid) and $0.033541 (ask) for the Taiwan

Suppose Microsoft Corporation (Microsoft) receives quotes of $0.012524 (bid) and $0.012526 (ask) for the yen( ) and $0.033540 (bid) and $0.033541 (ask) for the Taiwan dollar (NT$). How many U.S. dollars will Microsoft receive from the sale of 60 million? What is the U.S. dollar cost to Microsoft if it buys 1.2 billion? How many NT$ will Microsoft receive for U.S. $700, 000? How many yen will Microsoft receive for NT$400 million? What is the yen cost to Microsoft of buying NT$82 million?

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