The foreign exchange department at Tokyos Daiwa Bank quoted the spot rate on the euro at 0.007269/.
Question:
The foreign exchange department at Tokyo’s Daiwa Bank quoted the spot rate on the euro at €0.007269/¥. The 90-day forward rate is quoted at a premium of 5.42 percent on the euro. What is the 90-day forward rate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
Spot rate 0007269 90day forward premium on the euro ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
Question Posted:
Related Video
A forward exchange contract (FEC) is an agreement between two parties to effect a currency transaction, usually involving a currency pair not readily accessible on forex markets. FECs are traded OTC with customizable terms and conditions, many times referencing currencies that are illiquid, blocked, or inconvertibl
Students also viewed these Corporate Finance questions
-
The current spot rate on the Euro is 0.59 per $1. U.S. Treasury bills are yielding 3 percent. The rate on a risk-free European asset is 1 percent. What is the approximate 4-year forward rate if...
-
The foreign exchange department of Bank of India has a bid quote on Indian rupees (Rs) of Rs 43.21/$. If the bank typically tries to earn a bid-ask spread of 0.5 percent on these foreign exchange...
-
The foreign exchange department of Bank of America has a bid quote on Canadian dollars (C$) of C$1.0800/$. If the bank typically tries to make a bid-ask spread of 0.5 percent on these foreign...
-
What is the common name for the following structure? CH3 CH3 -C-Br 1 CH3 Isobutyl bromide Osec-Butyl bromide O Neobutyl bromide O Isopropyl methyl bromide t-Butyl bromide
-
In 2014, Phoenix Corporation acquires a new research facility and hires several scientists to develop new products. No new products are developed until 2015, although the following expenditures were...
-
How does poor communication result in silence? How does this happen in healthcare? Healthcare organizations have invested in many tools to promote patient safety, but are they effective without good...
-
Figure Q24.18 is a picture of a mirror one might find in a bathroom. The mirror is actually three mirrors with different curvatures so that you can view your image in different ways. The largest of...
-
Suppose that the market can be described by the following three sources of systematic risk with associated risk premiums. Factor Risk Premium Industrial production (I) ........ 6% Interest rates (R)...
-
The Brexit vote in the UK has cause a dramatic fall in price of Sterling (the UK currency) which has or potentially will cause a good deal of reduction of the cash flows (both direct and indirect) of...
-
The results below are based on data collected as part of a student project for an introductory statistics class at UF. If there is more than one group/treatment, the first group mentioned is group 1....
-
Bank of America quoted the 180-day forward rate on the Swiss franc at $1.0407/SF. The spot rate was quoted at $1.0268/SF. What is the forward premium or discount on the Swiss franc?
-
State Bank of India has offered a spot rate quote on Indian rupees (Rs) of Rs 43.54/$. The Indian rupee is quoted at a 30-day forward premium of 8.79 percent against the dollar. What is the 30-day...
-
The figure shows the cost of mailing a first-class letter, f(x), as a function of its weight, x, in ounces, for a recent year. Use the graph to solve Exercises 111114. What is the cost of mailing a...
-
Arrow Company processes a food seasoning powder through its Compounding and Packaging departments. In the Compounding Department, direct materials are added at the beginning of the process, and...
-
The 2017 financial statements of LVMH Moet Hennessey Louis Vuitton S.A. are presented in Appendix C at the end of this book. LVMH is a Paris-based holding company and one of the world's largest and...
-
Repeat Problem 10.E1, except design a packed column using 1-in. metal Pall rings. Do the calculations at the top of the column. Approximate HETP for ethanol-water is \(0.366 \mathrm{~m}\). At...
-
We are separating an ethanol-water mixture in a column operating at atmospheric pressure with a total condenser and a partial reboiler. Constant molal overflow (CMO) can be assumed, and reflux is a...
-
Corporate Social Responsibility Problem The Global Reporting Initiative (GRI) is a networkbased organization that has pioneered the development of the world's most widely used sustainability...
-
Why would Medicare fraud be a white-collar crime? mlo5
-
When is the indirect pattern appropriate, and what are the benefits of using it?
-
Both types of customers benefit from Graingers mobile apps, which includes a new app for the iPad. The new app provides real-time product availability, detailed product pages to provide customers...
-
Pearl, Inc., has offered $357 million cash for all of the common stock in Jam Corporation. Based on recent market information, Jam is worth $319 million as an independent operation. If the merger...
-
Three Guys Burgers, Inc., has offered $19 million for all of the common stock in Two Guys Fries, Corp. The current market capitalization of Two Guys as an independent company is $15 million. Assume...
-
1. Suppose Hybrid shareholders will agree to a merger price of $31.25 per share. Should Birdie proceed with the merger? 2. What is the highest price per share that Birdie should be willing to pay for...
-
Prepare journal entries to record the following events: Jul. 1 Klemens Company accepted a 5%, 3-month, $8,000 note dated July 1 from Mox Company for the balance due on Mox's account. Jul. 31 Klemens...
-
FINANCIAL STATEMENT ANALYSIS INSTRUCTIONS 1. PREPARE RATIO ANALYSIS REPORT ( word file) Format 1. Introduction 2. Importance of Financial Statements 3. Importance of Financial statement analysis and...
-
Let us assume that Europe is in recession, China's economy is slowing down, and the US economy is growing at 1-2%. Use these assumptions to invest in 4 ETFs (electronically traded funds). The 4 ETFs...
Study smarter with the SolutionInn App