ICE Currency Exchange Sell rate C$1.3557 US$1 C$1.7569 / £1 C$1.5696 / €1 Buy rate Sell rate C$1.2833 / US$1 C$1.6368 / £1 C$1.4553 / €1 C$1.3675 / US$1 C$1.7591 £1 C$1.5772 / €1 Mid-rate C$1.3202 US$1 C$1.7046/ £1 C$1.5211 €1 Royal Bank Buy rate C$1.2847 US$1 C$1.6657 £1 C$1.4752 / €1 Based on the exchange rates in the table, how many fewer Canadian dollars will you receive if you convert €96 at ICE instead of at the Royal Bank? On any currency exchange transaction, ICE applies a C$3.50 service charge. (Do not round your intermediate calculations. Round your answer to two decimal places.) C$ fewer from ICE 13

ICE Currency Exchange Sell rate C$1.3557 US$1 C$1.7569 / £1 C$1.5696 / €1 Buy rate Sell rate C$1.2833 / US$1 C$1.6368 / £1 C$1.4553 / €1 C$1.3675 / US$1 C$1.7591 £1 C$1.5772 / €1 Mid-rate C$1.3202 US$1 C$1.7046/ £1 C$1.5211 €1 Royal Bank Buy rate C$1.2847 US$1 C$1.6657 £1 C$1.4752 / €1 Based on the exchange rates in the table, how many fewer Canadian dollars will you receive if you convert €96 at ICE instead of at the Royal Bank? On any currency exchange transaction, ICE applies a C$3.50 service charge. (Do not round your intermediate calculations. Round your answer to two decimal places.) C$ fewer from ICE 13

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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3 The forward rate is 0.8500-0.8650 euros to the 1$ What will a euro 2,000 receipt be converted to at the forward rate? A.$1,730 B.$2,312 C.$2,353 D. $1,700
Round your answers to one decimal place. As in 10.1 %. Actual Implied Rate Rate US 5.81 USD pound 1.3333 1.6184 $/GBP 6.3700 4.1997 CNY/$ 1.3145 $/EUR 13.4200 4.3012 TRY/$ Britain 3.59 China 24.40 Yuan Euro 4.42 € 1.1211 Turkey 24.99 TL British pound is % • against the US dollar. Chinese Yuan is % * against the US dollar. Euro is * against the US dollar. Turkish Lira is % * against the US dollar.
Foreign currency transactions Melbourne Ltd purchased goods from France on 3 April 2022 on credit shipped FOB Paris. The cost of good is Euro 500,000 and outstanding as of 31 April 2021. On 3 April 2022, the exchange rate is A$1.00 = Euro 0.67. On 30 April 2022, exchange rate is A$1.00 = Euro 0.66 REQUIRED Provide the accounting entries necessary to account for the above purchase transaction for the month ending 30 April 2022.
Canadian Denmark Euro S per Foreign Currency $.7800 $.2000 $.9900 Foreign Currency per $ 1.2821 5.0000 1.0101 a. How many Canadian dollars would you receive for $500? b. A Mercedes costs Euros 130,000. How many $ would you need? c. What is the cross rate of Canadian $ and Denmark?
Scenarlo Current Interest rate Current Interest rate Current exchange Expected exchange rate in 1 year 102 kr = $1 103 kr $1 103 kr $1 97 kr $1 -Canada Iceland rate 100 kr $1 100 kr $1 100 kr $1 100 kr = $1 2% 4% %3D 3% 6% %3! C. 5% 2% 4% 7% Suppose that you want to invest $100 000 in 1 year bonds. You are looking for the highest return on your investment and do not care whether you invest in Canada or Iceland, but as a Canadian resident, you want your investment return to be in Canadian dollars. The attached table lists four scenarios, each showing the current interest rate for one-year government bonds in Canada and Iceland, the current exchange rate between the dollar and the Icelandic Krona, and the expected exchange rate in one year. Other than the interest rates, you assume the bonds from each country to be identical. In which scenario(s) does interest rate parity hold? Select all that apply. Select all that apply: cross out a. A cross out b. B cross out c. C cross out d. D O O
Question 12 Given the following cross currency rates, identify an arbitrage trade and show the profit if you start with $1,000. (USD = U.S. dollar, SGD = Singapore dollar, CHF = Swiss franc) SGD:USD CHF:USD SGD:CHF 1,045.46 3.00 1.50 2.20
= Iberico plc, a Spanish firm whose functional currency is EUR, sold goods to a British customer for 10,000 GBP on credit. The exchange rate on the date of sale was 1 GBP : 1.2 EUR. Which the journal entry shall Iberico plc prepare regarding the sale? Question 6 Select one: a. DR Cash 12,000 EUR, CR Sale 12, 000 EUR b. DR Cash 10,000 GBP, CR Sale 10,000 GBP c. DR Receivable 10,000 GBP, CR Sale 10,000 GBP d. DR Receivable 12,000 EUR, CR Sale 12,000 EUR
Recording Import Transactions Pinnacle Foods imports a variety of items for resale to U.S. retail‑ ers. Following is a description of purchases and foreign‑currency‑denominated payments made in the last accounting period, plus the direct exchange rates for each date: Country Amount Currency Spot rate at purchase Spot rate at payment Australia . . . . . . . . . . . . . . . . . . 200,000 Australian dollar $0.7600 $0.7300 Thailand . . . . . . . . . . . . . . . . . . 800,000 Baht 0.0345 0.0365 Hong Kong . . . . . . . . . . . . . . . . 5,000,000 Hong Kong dollar 0.1319 0.1362 Jordan . . . . . . . . . . . . . . . . . . . 500,000 Dinar 1.4100 1.3900 Required Prepare the journal entries made by Pinnacle, a U.S. company, to record the above purchase and payment transaction.
Recording Export Transactions Daisy Brands, a U.S. company, sells items abroad. Daisy prices many of these transactions in the currency of the customer. Following are four such transactions made in the last accounting period, plus the direct exchange rates for each date: Country Amount Currency Spot rate at sale Spot rate at collection Argentina . . . . . . . . . . . . . . . . . . . . . . 250,000 Peso $0.056 $0.049 Canada . . . . . . . . . . . . . . . . . . . . . . . . 400,000 Dollar 0.732 0.713 India . . . . . . . . . . . . . . . . . . . . . . . . . . 300,000 Rupee 0.016 0.018 South Africa . . . . . . . . . . . . . . . . . . . . 100,000 Rand 0.074 0.077 Required Prepare the journal entries made by Daisy Brands to record the above sale and collection transactions
Sav whether the stated currency has appreciated or depreciated. Ex rate at t=1 Ex rate at t=2 $1.09 Currency Swiss Franc $1.12 USD/Swiss USD/Swiss Franc Franc 125 yen/euro 130 yen/euro Euro 18 peso/CAD 21 peso/CAD Peso 7 RMB/USD 6.5 RMB/USD RMB

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