An American business needs to pay (a) 10,000 Canadian dollars, (b) 2 million yen, (c) 50,000 Swiss
Question:
An American business needs to pay
(a) 10,000 Canadian dollars,
(b) 2 million yen,
(c) 50,000
Swiss francs to businesses abroad. What are the dollar payments to the respective countries?
Selling quotes for Foreign Currencies in newYork
Transcribed Image Text:
Contract Spot 30-day 90-day Spot 30-day 90-day Spot 30-day 90-day Country- Currency Canada dollar /Foreign Currency 8437 8417 8395 004684 004717 004781 5139 5169 5315 Japan-yen Switzerland-frand
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a b c To find the number of dollars that the business needs to pay we simply need to multiply the f...View the full answer
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Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
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