1 million pounds to dollars
[DOC File]SUGGESTED SOLUTIONS TO CHAPTER 5 PROBLEMS
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3. Suppose the quote on British pounds is $1.624-31. a. If you converted $10,000 to British pounds and then back to dollars, how many dollars would you end up with? Answer. For $10,000, you would buy pounds at the price of $1.631, giving you £6,131.21 ($10,000/1.631) and resell them at …
[DOC File]Chapter Fifteen
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The net exposure would be ¥14 million – ¥23 million – ¥8 million = -¥17 million. This negative exposure puts the bank at risk of an appreciation of the yen against the dollar. A stronger yen means that repayment of the net position would require more dollars. 2. The following are the foreign currency positions of an FI, expressed in ...
[DOC File]TOPIC 1 MULTINATIONAL FINANCIAL MANAGEMENT: AN …
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The 366,972 pounds borrowed convert to about $543,119 (computed as 366,972 × $1.48), which when invested at 8% interest will accumulate to be worth about $586,569. In comparison, the firm will receive $600,000 in 180 days using the forward hedge, or about $586,569 in …
[DOCX File]Chapter 11
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If the firm uses a money market hedge, it will borrow (400,000/$1.09) = 366,972 pounds, to be converted to U.S. dollars and invested in the U.S. The 400,000 pounds received in 180 days will pay off this loan.
[DOC File]TOPIC 3 CURRENCY DERIVATIVES
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ANSWER: The team could purchase put options on pounds in order to lock in the amount at which it could convert the 1 million pounds to dollars. The expiration date of the put option should correspond to the date in which the team would receive the 1 million pounds. If the deal is not approved, the team could let the put options expire.
[DOC File]1 - The College of Business
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Forward contract purchased on March 1 Value of forward settlement 1 million pounds @ $1.7381/pound $1,738,100 Value as booked 1 million pounds @ $1.7689/pound $1,768,900 FX gain (loss) $(30,800) Note that in this case if Leo had covered forward on March 1st rather than June 1st, the amount of the foreign exchange loss would have been even ...
[DOC File]Chapter 12 Multinational Accounting: Issues in Financial ...
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Multinational Accounting: Issues in Financial Reporting and Translation of Foreign Entity Statements Multiple Choice Questions The balance in Newsprint Corp.'s foreign exchange loss account was $10,000 on December 31, 2008, before any necessary year-end adjustment relating to the following: (1) Newsprint had a $15,000 debit resulting from the restatement in dollars of the accounts of its ...
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