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
Problem 1PS
Related questions
Question
2.
4.
Calculate according to CLOSED MID POINT... Thank you.
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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