Assume that You are risk manager at BIC Investment. BIC firm wants to fix currency rate for 5.000.000 USD export transaction in 120 days and 3.000.000 EURO import transaction in 180 days from AC Bank. Find bid and ask forward rate of AC Bank by using exchange rates and interest rates below USD/TL: 5,8725/5,9850 EURO/TL: 6,6700/6,7250 USD faiz oranı: 4,50/5,00 EURO Faiz Oranı: 6,25/7,50 TLLIBOR: 24,25/26,00
Assume that You are risk manager at BIC Investment. BIC firm wants to fix currency rate for 5.000.000 USD export transaction in 120 days and 3.000.000 EURO import transaction in 180 days from AC Bank. Find bid and ask forward rate of AC Bank by using exchange rates and interest rates below USD/TL: 5,8725/5,9850 EURO/TL: 6,6700/6,7250 USD faiz oranı: 4,50/5,00 EURO Faiz Oranı: 6,25/7,50 TLLIBOR: 24,25/26,00
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
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Assume that You are risk manager at BIC Investment. BIC firm wants to fix
currency rate for 5.000.000 USD export transaction in 120 days and 3.000.000 EURO import
transaction in 180 days from AC Bank. Find bid and ask forward rate of AC Bank by using
exchange rates and interest rates below
USD/TL: 5,8725/5,9850 EURO/TL: 6,6700/6,7250 USD faiz oranı: 4,50/5,00
EURO Faiz Oranı: 6,25/7,50 TLLIBOR: 24,25/26,00
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