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Use the following spot rates to answer the next 5 questions, Brazil (Real) Sweden (Krona) Poland Zloty Kuwait (Dinar) S per currency 0.9377 0.1731 0.5858

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Use the following spot rates to answer the next 5 questions, Brazil (Real) Sweden (Krona) Poland Zloty Kuwait (Dinar) S per currency 0.9377 0.1731 0.5858 3.3934 currency per $ 1.06644 5.77701 1.70707 ?? Question 15 1 pts How many dollars would it take to buy 1500 Reals? 2124 33 1119.88 1406.55 1599.66 3500.66 Question 16 1 pts Using the implicit cross-rate, how many Brazilian Reals are needed to buy one Zloty? 0.5493 0.4565 1.6008 0.8305 0.6247 0 Question 17 1 pts How many Swedish Krona can you buy with $200? 1224.15 34.62 1155.40 984.85 1049.00 D Question 18 1 pts What is the indirect quote for the Kuwait Dinar? 0.4156 16201 0.3625 0.3353 0.2947 Question 19 1 pts A rare Polish wristwatch sold at auction for 153,637 Zloty. What was its value in US dollars? $90,000 $262,267 $98.600 $144,768 Question 20 1 pts Stover Corporation, a U.S. based importer, agrees to purchase some crystal glassware from a form in Switzerland for 39,960 Swiss francs; which is $24,000, at the spot rate of 1.665 Swiss francs per dollar. However, the terms of the sale are net 90 days, meaning Stover must pay the Swiss firm in 90 days. Stover wants to cover its obligation with a forward market transaction to eliminate its exchange rate risk. Suppose Stover enters into a forward market contract at the 90-day forward rate of 1.682 Swiss francs per dollar. If the spot rate in 90 days is actually 1.615 Swiss francs, how much in U.S. dollars will Stover have "saved" or "lost" by hedging its exchange rate exposure? Saved $1026.47 Saved $985.60 Lost $916.61 Saved $915.89 Lost $1212.29

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