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You are a member of the Finance Dept for Saito Auto, specializing International Finance. Use the following information to conduct a Money Market Instrument. Remember
You are a member of the Finance Dept for Saito Auto, specializing International Finance. Use the following information to conduct a Money Market Instrument. Remember you are the Japan Company. Saito Auto (Japan) imports 10 Lexus IS300 ($20,000 each) from Toyota North America. Payable in Jan 2012. Investment return 5% annum at J.P. Morgan (SF) Interest rate 3% annum (Borrowing) at Mitsubishi UFJ Bank (Tokyo) Current Exchange Rate 83 Yen/$ at Mitsubishi Bank (Tokyo) Forward Exchange Rate 88 Yen/$ at Mitsubishi Bank (Tokyo)
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