Reference no: EM132440553

Sheridan Pharma just received revenues of $3,163,700 in Australian dollars (A$). Management has the following exchange rates: A$2.69000/£ and $1.5906/£. What is the U.S. dollar value of the company's revenues?

The spot rate on the London market is £0.5510/$, while the 90-day forward rate is £0.5586/$. What is the annualized forward premium or discount on the British pound? (Round answer to 2 decimal places, e.g. 17.54%. Use 360 days for calculation.)

Given the following quotes, calculate the €/£ cross rate. (Round answer to 4 decimal places, e.g. 15.2578. Do not enter currency sumbols in your answer.)

Bank of America

$1.650/£JP Morgan Chase

$1.3844/€

Crane Autos has contracted with an Indian software firm for design software. The payment of 26,000,000 rupees (Rs) is due in 30 days. What is the cost in dollars if the 30-day forward rate is Rs64.00/$. (Round answer to 2 decimal places, e.g. 15.25.)

Carla Vista Corporation's recent sale to a firm in Mexico produced revenues of 14,750,000 Mexican pesos (MPs). If the firm sold the pesos to its bank and was credited with $1,032,500.00, what was the spot rate at which the pesos were converted? (Round answer to 4 decimal places, e.g. 15.2578.)