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Citibank holds $37 million in foreign exchange assets and $29 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $8 million in foreign exchange contracts and sold $17 million in foreign exchange contracts.
a. What is Citibank's net foreign assets? (Enter your answer in millions.)
b. What is Citibank's net foreign exchange bought? (Enter your answer in millions. Negative amount should be indicated by a minus sign.)
c. What is Citibank's net foreign exposure? (Enter your answer in millions. Negative amount should be indicated by a minus sign.)
Dewey Cheatem deposited $25,000 into a savings account. This savings account pays 8% annual interest compounded semi-annually. Beginning a year from now and continuing in perpetuity, equal annual withdrawals are to be made. What is the maximum amount..
Tre-Bien, Inc., is a fast-growing technology company. Management projects rapid growth of 30 percent for the next two years, then a growth rate of 17 percent for the following two years. After that, a constant-growth rate of 8 percent is expected. Th..
Consider the auction of 2-year Floating Rate Notes in July 2014. As we saw in class, the notes are priced at par and investors receive face value at maturity. Once the spread was determined at the auction, which cash flows were known with certainty t..
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A young stockbroker was rather overwhelmed by a flood of new clients. Assunta, one of his clients, had purchased XYZ Corp. stock through the broker at a price of $35 per share. The price had gone down to $29 by the time Assunta telephoned the broker...
This week's readings introduce a method of valuing a company's stock called the Dividend Growth model, which bases a company's valuation on several factors, starting with a company's expected dividend payout and growth rate. What does a company's div..
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You are considering the purchase of a set of consul bonds paying a total of $20,000 per year. If your required rate of return to make the purchase is 7%, how much will you be willing to pay?
Vigo Vacations has $205 million in total assets, $4.9 million in notes payable, and $23.5 million in long-term debt. - What is the debt ratio?
Assume that your firm has moderate levels of operating leverage and business risk. Your factories are dependent upon a lot of low-wage earners that come and go frequently and thus are considered a somewhat variable cost. You expect the next several y..
The Fast Reader Company supplies bulletin board services to numerous hotel chains nationwide. The owner of the firm is investigating the benefit of employing a billing firm to do her billing and collections. If the billing firm charges $ 375 per? mon..
Which of the following tend to reinforce the argument that the financial markets are efficient?
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