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(a) An investor enters into a short forward contract on 100 million yen. The forward exchange rate for US$ 1 is set at US$0.012 per yen. How much does the investor lose or gain if the exchange rate at the end of the contract is (i) US$0.011 per yen, and (ii) US$0.013 per yen.
(b) Suppose that the six-month interest rates in the United States and Japan are 5% and 1% per year, respectively. The spot exchange rate is 100yen/US$. Find the six-month forward exchange rate.
(c) Suppose that an I-bank is offering the exact same forward as (b) but with a rate strictly lower than the rate that you found in (b). Find an arbitrage implementation to capitalize on the arbitrage opportunity for a long position of the forward.
Broussard Skateboard's sales are expected to increase by 15% from $7.4 million in 2015 to $8.51 million in 2016. Its assets totaled $5 million at the end of 2015. Broussard is already at full capacity, so its assets must grow at the same rate as proj..
A company has 100 million shares outstanding trading for $8 per share. It also has $900 million in outstanding debt. If its equity cost of capital is 15%, and its debt cost of capital is 12%, and its effective corporate tax rate is 40%, what is its w..
Time value of money calculations may not be required in an economic evaluation for all of the following reasons except:
Do you feel that the fixed price contract agreed to by FRC was the best way to procure ACME's computer system and where did FRC go wrong in purchasing the software system
Which of the following should be considered when selecting an enterprise system vendor? Which of the following characterize business processes that can effectively be implemented in a CRM system? Which 2 characteristics are most important for a chief..
Which of the following is not one of the four main functions that underwriters provide? Risk bearing. Marketing, Auditing the financial statements
In this essay, we are going to discuss the issues of financial management in a non-profit organisation.
The December 31, 2013, balance sheet of Maria’s Tennis Shop, Inc., showed current assets of $1,065 and current liabilities of $895. The December 31, 2014, balance sheet showed current assets of $1,280 and current liabilities of $955. What was the com..
Pace Co. borrowed $12,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Pace have to pay in a 30-day month?
Find the present value of $600 due in the future under each of the following conditions. Round your answers to the nearest cent. 8% nominal rate, semi annual compounding, discounted back 5 years
Assumption: no change in either fiscal or monetary policy, no change in exchange rate expectations, and that price are "sticky".
Deng and Dang are partners who share income in the ratio of 3:2. Their capital balances are $48,122 and $62,776 respectively. Income Summary has a credit balance of $44,798. What is Deng's capital balance after closing Income Summary to Capital?
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