1. Dollar quotation FFr DM £ Closing Mid-point ¥ 5.675 Bid/Offer Spread 740-760 917-922 808-816 549-680 1.692 1.6812 6.4628 (1) Mr. White have 10,000 USD, he go to bank in USA want to exchange for Deutsche Mark how much Doutsoho ho ca One Month Rate 5.665 1.689 1.6786 6.4658 nga for?

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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Please answer as much as you can. Within 2 hours.

1. Dollar quotation
Bid/Offer Spread
5.675
740-760
1.692
917-922
1.6812
808-816
¥
6.4628
549-680
(1) Mr. White have 10,000 USD, he go to bank in USA want to exchange for Deutsche
Mark, how much Deutsche he can exchange for?
FFr
DM
£
Closing Mid-point
One Month Rate
5.665
1.689
1.6786
6.4658
Transcribed Image Text:1. Dollar quotation Bid/Offer Spread 5.675 740-760 1.692 917-922 1.6812 808-816 ¥ 6.4628 549-680 (1) Mr. White have 10,000 USD, he go to bank in USA want to exchange for Deutsche Mark, how much Deutsche he can exchange for? FFr DM £ Closing Mid-point One Month Rate 5.665 1.689 1.6786 6.4658
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