Using the following quotations: USD / EGP 46.8680 / 46.9280 USD / JMD 151.1230 / 154.4150 (a) What is the cross rate between the Egyptian Pound and the Jamaican Dollar. Present the quotation in direct form as the dealer's buy and sell prices for the Egyptian Pound (4 decimal places). Show all workings. (b) What is the size of the spread of the cross rate as a percentage of the ask price?
Using the following quotations: USD / EGP 46.8680 / 46.9280 USD / JMD 151.1230 / 154.4150 (a) What is the cross rate between the Egyptian Pound and the Jamaican Dollar. Present the quotation in direct form as the dealer's buy and sell prices for the Egyptian Pound (4 decimal places). Show all workings. (b) What is the size of the spread of the cross rate as a percentage of the ask price?
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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Question
Using the following quotations:
USD / EGP 46.8680 / 46.9280
USD / JMD 151.1230 / 154.4150
(a) What is the cross rate between the Egyptian Pound and the Jamaican Dollar. Present the quotation in direct form as the dealer's buy and sell prices for the Egyptian Pound (4 decimal places). Show all workings.
(b) What is the size of the spread of the cross rate as a percentage of the ask price?
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