Barclays Bank of London has offered the following exchange rate quotes: 190.70/ and Korean won 12.9660/. What is the cross rate between the Korean won and the British pound?(Round answer to 2 decimal places, e.g. 15.25. Do not enter currency symbols in your answer.)

Cross rate

Won______________/

Problem 21.21

The spot rate on the London market is 0.5550/$, while the 90-day forward rate is 0.5580/$. 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.)

Forward premium or (discount) =%

Problem 21.23

The foreign exchange department at Tokyo's Daiwa Bank quoted the spot rate on the euro at 0.007295/. The 90-day forward rate is quoted at a premium of 5.10 percent on the euro. What is the 90-day forward rate?(Round answer to 6 decimal places, e.g. 15.251945. Use 360 days for calculation.)

Forward rate: __________/

Problem 21.27

Carla Vista Pharma just received revenues of $3,165,500 in Australian dollars (A$). Management has the following exchange rates: A$2.70000/ and $1.5906/. What is the U.S. dollar value of the company's revenues?(Round intermediate calculation to 4 decimal places, e.g. 15.2578 and final answer to the nearest whole dollar, e.g. 5,275.)

Revenue:$____________

Answer rating: 100% (QA)

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