1. Dollar quotation FFr DM £ Closing Mid-point 5.675 1.692 1.6812 Bid/Offer Spread 740-760 917-922 808-816 One Month Rate 5.665 1.689 1.6786

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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2.

4. 

 

Calculate according to CLOSED MID POINT...  Thank you. 

1. Dollar quotation
FFr
DM
£
¥
Closing Mid-point
5.675
1.692
1.6812
6.4628
Bid/Offer Spread
740-760
917-922
808-816
549-680
One Month Rate
5.665
1.689
1.6786
6.4658
(2) Miss Liu who lives in China bought an iPod on Ebay with price of 100 USD, so
how much RMB she cost?
(4) Miss Maria who is a French dealer is signing a forward contract with an American
company, according to the contract, she will buy 1000 iPad one month later, if one iPad
cost $120, so how much French France she will cost?
Transcribed Image Text:1. Dollar quotation FFr DM £ ¥ Closing Mid-point 5.675 1.692 1.6812 6.4628 Bid/Offer Spread 740-760 917-922 808-816 549-680 One Month Rate 5.665 1.689 1.6786 6.4658 (2) Miss Liu who lives in China bought an iPod on Ebay with price of 100 USD, so how much RMB she cost? (4) Miss Maria who is a French dealer is signing a forward contract with an American company, according to the contract, she will buy 1000 iPad one month later, if one iPad cost $120, so how much French France she will cost?
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