The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 27, Problem 4BCP
Summary Introduction
Case summary:Company EI, company BGM, company UMR, and company WMG together licensed, produced and distributed 80 percent of the digital music that is sold in the US market. They formed a company MN to vend music to the online services which sold songs to the listeners/consumers. Company MN needed all of the useful services to sell songs for the similar price and subject to the same kind of restriction. Music digitization became cheaper but company MN decided to keep its price same.
To find: The violation of the antitrust law by MN.
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General accounting question
Victoria Exports (Canada). A Canadian exporter, Victoria Exports, will be receiving six payments of €13,800, ranging from now to 12 months in the future. Since the company keeps cash balances in both Canadian dollars
and U.S. dollars, it can choose which currency to exchange the euros for at the end of the various periods. Which currency appears to offer the better rates in the forward market? (Click on the icon to import the table into
a spreadsheet.)
Period
Days Forward
spot
1 month
C$/euro
1.3347
1.3370
US$/euro
1.3219
1.3224
m
2 months
3 months
1.3392
30
60
1.3229
90
1.3235
180
1.3438
12 months
360
1.3464
1.3239
1.3269
6 months
1.3416
Calculate the forward premium, the Canadian dollar proceeds, and the difference from the spot rate proceeds in the C$/Euro forward market below: (Round the forward premium to three decimal places and the Canadian
dollar amounts to the nearest cent.)
Days
Forward Premium
C$ Proceeds of
Difference
Period
Forward
C$/euro
on the C$/euro
€13,800
Over Spot…
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Chapter 27 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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