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 present value of the market-maker's net cash flow if spot rates are 102 instead?
A) $188.59
B) $206.43
C) $219.96
D) $242.06
A
You might also like to view...
The financial statements for Stephens' Electric Company include the following items
2017 2016 Cash $55,000 $51,000 Cash Equivalents 23,500 20,000 Net Accounts Receivable 30,000 26,000 Merchandise Inventory 81,000 65,000 Total Assets 530,000 548,000 Accounts Payable44,500 35,000 Salaries Payable 24,000 20,000 Long-term Note Payable 61,000 57,000 Income From Operations 124,500 115,000 Interest Expense 28,000 33,000 Compute the 2016 cash ratio. (Round your answer to two decimal places.) A) 1.29 B) 1.15 C) 2.03 D) 0.63
Which of the following exists within the social media policy and ensures that readers/consumers can still find postings credible and trustworthy?
a. Social media guidelines. b. Social media policy. c. Standards of conduct. d. Disclosure requirements. e. None of these.
An agent's ______ is the power to change the principal's legal obligations
a. legal right b. official power c. authority d. responsibility e. authorization
Which of the following statements is FALSE?
A) Because investment in permanent working capital is required so long as the firm remains in business, it constitutes a long-term investment. B) Because temporary working capital represents a short-term need, the firm should finance this portion of its investment with short-term financing. C) Temporary working capital is the difference between the lowest level of investment in short-term assets and the permanent working capital investment. D) The matching principle states that short-term needs should be financed with short-term debt and long-term needs should be financed with long-term sources of funds.