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Korvikt [17]
1 year ago
12

Assume the current U.S. dollar-yen spot rate is 90 ¥/$. Further, the current nominal 180-day rate of return in Japan is 1% (annu

alized) and 2% (annualized) in the United States. What is the approximate forward exchange rate for 180 days? ¥89.55/$ ¥89.12/$ ¥90.89/$ ¥90.45/$
Business
1 answer:
Citrus2011 [14]1 year ago
3 0

Answer:

Explanation:

Forward excahnge rate/spot exchange rate = (1+rh)/(1+rf)

rh - periodic interest rate in the home currency

rf - periodic interest rate in the foreign currency

Forward/90 = [1+1%*180/360]/[1+2%*180/360]

Forward = 1.005/1.01 * 90 = 89.55

Forward rate is 89.55 yen/$

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Answer:

b. additional costs for attending a college or university.

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When independent measurers get similar results when using the same accounting measurement methods, the financial information is:
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Cliff Company traded in an old truck for a new one. The old truck had a cost of $130,000 and accumulated depreciation of $65,000
RSB [31]

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the recorded value of the new truck is $135,000

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An arm loan has a 4.00% start rate, and it is time for the first adjustment to be made. it has a periodic cap of 1% and a lifeti
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