Suppose that after a recent large sale of cars, Nissan is holding 1 billion Chinese Yuan (CNY). Nissan wants to convert that 1 billion CNY to Japanese Yen (JPY). Suppose that Japan Post Bank offers Bid-Ask quotes of 0.04922 CNY per JPY and 0.04943 CNY per JPY. How many JPY will Nissan have if the company exchanges to yen with Japan Post Bank? 20,316,944,332 yen 20,230,629,173 yen 49,220,000 yen 49,430,000 yen

Suppose that after a recent large sale of cars, Nissan is holding 1 billion Chinese Yuan (CNY). Nissan wants to convert that 1 billion CNY to Japanese Yen (JPY). Suppose that Japan Post Bank offers Bid-Ask quotes of 0.04922 CNY per JPY and 0.04943 CNY per JPY. How many JPY will Nissan have if the company exchanges to yen with Japan Post Bank? 20,316,944,332 yen 20,230,629,173 yen 49,220,000 yen 49,430,000 yen

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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Suppose your company imports computer motherboards from Singapore. The exchange rate is $1.3595 per Singapore dollar. You have just placed an order for 39328 motherboards at a cost to you of S146 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $118 each. Calculate your profit if the exchange rates goes down by 12.23% over the next 90 days. NOTE: Enter the number rounding to four DECIMALS. If your decimal answer is 0.034576
Suppose then that we have three London seats, New York and Madrid In the first, the buyer type is 109,590 Yen per Dollar, in London the selling rate is 180,000 Yen per Pound Sterling while in New York is 1,677 dollars per British Pound  Suppose we have 100,000,000 yen  Carry out the arbitrage indicate the gain in terms absolute and percentage terms
cYou observe that the exchange rates for Japanese Yen at Tokyo Bank are given as follows: bid = JY101/$; ask = JY102/$, whereas they are given at New York Bank as: bid = $ 0.0097 Y; ask = $ 0.0098y. J J Calculate the arbitrage profit for $1 million (up to nearest cents, e.g., 100.23)
Given the following information, take advantage of the triangular arbitrage opportunity and calculate the US dollar profit for an investment of $1,000,000. Keep at least two decimals in your calculations and round at the very end to enter your answer with no decimals (i.e, if your final answer is 9.98, you will enter 10). Singapore dollar in US dollars (USD/SGD) 0.73 US dollars in British pounds (GBP/USD) 0.83 Singapore dollar in British pounds (GBP/SGD) 0.71
A company manufactures a product in the United States and sells it in England. The unit cost of manufacturing is $52. The current exchange rate (dollars per pound) is 1.213. The demand function, which indicates how many units the company can sell in England as a function of price (in pounds) is of the power type, with constant 27556733 and exponent -2.5. A) Develop a model for the company's profit (in dollars) as a function of the price it charges (in pounds). Then use a data table to find the profit-maximizing price to the nearest pound. Assume that the price ranges from £45 to £100 in increments of £1. Round your answer for the maximum profit to the nearest dollar and your answer for the best price to the nearest pound. 1. Maximum profit: $______ 2. Best price: £ ______
please answer fast i give upvote
Smart Banking Corp. can borrow $5 million at 6 percent annualized. It can use theproceeds to invest in Canadian dollars at 9 percent annualized over a 6-day period. TheCanadian dollar is worth $.95 and is expected to be worth $.94 in 6 days. Based on thisinformation, should Smart Banking Corp. borrow U.S. dollars and invest in Canadiandollars? What would be the gain or loss in U.S. dollars?

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