Chapter20: Short-term Financing
Section: Chapter Questions
Problem 8QA
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Question
unc.3
Your company can get yen loans for 2.0%. Dollar rates on the same loans are 4.5%. The spot yen per dollar exchange rate is 104. The forward rates for years 1 thru 4 are, 101.51, 99.08, 96.71, and 94.40, respectively. What is the
A) $188.59
B) $206.43
C) $219.96
D) $242.06
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