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UR POUND US SEULENT c do h e What is the cross you with 100 UK POUNDS? you with 100 SWISS FRANCS for SWISS FRANC

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UR POUND US SEULENT c do h e What is the cross you with 100 UK POUNDS? you with 100 SWISS FRANCS for SWISS FRANC in term of UK POUNDS for UK POUNDS in terms of SWISS FRANCS r Austri What do you the nation at to be in Australia fo Securitiesel percent per year? What do you state the inflation rate to be in Canada, The sild 75 percent per year? Canadian poet 125 theo and the month forward to the are 267 c y. What you estimate is the the main the United States and an A36 3-26.50 35.225 9. Hoyes Lumber generally receives three checks a month in the amounts of $1,200, 51,650, and $2,200. The$2,200 check has a two-day collection delay while the others have a one-day delay. Given this informati what is the amount of the average daily float? Assume each month has 30 days. A168.33 B) 140.79 147.50 D) 241.67 E) 109.18 10. Use the information below to answer the questions that follow. U.S. SEQUIVALENT UK POUND 1.8301 SWISS FRANC 0.8008 a. How many dollars can you get with 100 UK POUNDS? b. How many dollars can you get with 100 SWISS FRANCS? c. What is the cross-rate for SWISS FRANCS in terms of UK POUNDS? d. What is the cross-rate for UK POUNDS in terms of SWISS FRANCS? 11. You observe that the inflation rate in the United States is 3.4 percent per year and that is currently yield 3.7 percent annually a. What do you estimate the flation rate to be in Australia, If short-term Australian government securities yield 4 percent per year? b. What do you estimate the inflation rate to be in Canada, If short-term Canadian government securities yield 75 percent per year? 12. Suppose the spot and three-month forward rates for the yen are 1122.67 and 1132.64, respectively. What would you estimate is the difference between the annual inflation rates of the United States and Japan? A) 36.69% B)-26.84% C135.22% D) 38.16% E) 8.1356 UR POUND US SEULENT c do h e What is the cross you with 100 UK POUNDS? you with 100 SWISS FRANCS for SWISS FRANC in term of UK POUNDS for UK POUNDS in terms of SWISS FRANCS r Austri What do you the nation at to be in Australia fo Securitiesel percent per year? What do you state the inflation rate to be in Canada, The sild 75 percent per year? Canadian poet 125 theo and the month forward to the are 267 c y. What you estimate is the the main the United States and an A36 3-26.50 35.225 9. Hoyes Lumber generally receives three checks a month in the amounts of $1,200, 51,650, and $2,200. The$2,200 check has a two-day collection delay while the others have a one-day delay. Given this informati what is the amount of the average daily float? Assume each month has 30 days. A168.33 B) 140.79 147.50 D) 241.67 E) 109.18 10. Use the information below to answer the questions that follow. U.S. SEQUIVALENT UK POUND 1.8301 SWISS FRANC 0.8008 a. How many dollars can you get with 100 UK POUNDS? b. How many dollars can you get with 100 SWISS FRANCS? c. What is the cross-rate for SWISS FRANCS in terms of UK POUNDS? d. What is the cross-rate for UK POUNDS in terms of SWISS FRANCS? 11. You observe that the inflation rate in the United States is 3.4 percent per year and that is currently yield 3.7 percent annually a. What do you estimate the flation rate to be in Australia, If short-term Australian government securities yield 4 percent per year? b. What do you estimate the inflation rate to be in Canada, If short-term Canadian government securities yield 75 percent per year? 12. Suppose the spot and three-month forward rates for the yen are 1122.67 and 1132.64, respectively. What would you estimate is the difference between the annual inflation rates of the United States and Japan? A) 36.69% B)-26.84% C135.22% D) 38.16% E) 8.1356

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