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Chapter Study Questions

Week 5 Text Questions


University of Phoenix
FIN/370 Finance for Business

Chapter Study Questions


Week 5 Text Questions
Chapter 22, Study Problem 22-3A
(Indirect quotes) Compute the indirect quote for the spot and forward Canadian dollar,
yen, and Swiss franc contracts.
Given data:
COUNTRY-CURRENCY
Canada-dollar

Japan-yen

Switzerland-franc

CONTRACT
Spot
30-day
90-day
Spot
30-day
90-day
Spot
30-day
90-day

$/FOREIGN
CURRENCY
0.8437
0.8417
0.8395
0.004684
0.004717
0.004781
0.5139
0.5169
0.5315

CONTRACT
Spot
30-day
90-day
Spot
30-day
90-day
Spot
30-day
90-day

$/FOREIGN
CURRENCY
1.1853
1.1881
1.1912
213.4927
211.9992
209.1613
1.9459
1.9346
1.8815

Answer:
COUNTRY-CURRENCY
Canada-dollar

Japan-yen

Switzerland-franc

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