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Today, the stock price of Genevo Co. (based in Switzerland) is priced at SF60 per share. The spot rate of the Swiss franc (SF) is
Today, the stock price of Genevo Co. (based in Switzerland) is priced at SF60 per share. The spot rate of the Swiss franc (SF) is $0.70. During the next year, you expect that the stock price of Genevo Co. will decine by 5%. You also expect that the Swiss frane will appreciate against the U.S. dollar by 7% during the next year. You own American depository recelpts (ADRs) that represent Genevo stock. Each share that you own represents one share of the stock traded on the Swiss stock exchange. What is the estimated value of the ADR per share in 1 year? Do not round intermediate calculations, Round your answer to the nearest cent. 3 The bid price for the euro is $1.1161 and its ask price is $1.1165. The bid price for the Polish zioty is 0.2574 and its ask price is 0.2589. Determine the bid/ask spread for the euro and Pollish zloty. Round your answers to three decimal places. The bid/ask spread for the euro = % The bid/ask spread for the Polish zloty = % Utah Bank's bid price for Canadian dolfars is $0.7986 and its ask price is $0.8214. What is the bid/ask percentage spread? Round your answer to two decimal places. (2) \%
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