A An American-based MNC, obtains a one-year loan of 30.000,000 Japanese yen at a nominal interest rate

Fantastic news! We've Found the answer you've been seeking!

Question:

A An American-based MNC, obtains a one-year loan of 30.000,000 Japanese yen at a nominal interest rate of 10 percent. At the time the loan is extended, the spot rate of the yen is $.0091. If the spot rate of the yen in one year is $.0088,

-What is the dollar amount initially obtained from the loan

- What is the dollar amount the MNC needs to repay the loan.

Posted Date: May 19, 2024 04:12 PM

See More Questions

How do stakeholders impact the uncertainty in a project?
Hebert Company reported the following information for 2019: Repaid long-term debt ................................... $75,000 Paid interest on note payable .............................. 1,570 Issued...
Find dr/d. 7/80 + /20/ = 0^2 - r
Lamed Corporation recorded the following transactions for the just completed month. a. 180,000 in raw materials were purchased on account. b. (71,000 m raw materials were requisitioned for use in...
Martha's Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company's controller, Mathew Knight, has recently completed a cost study of the firm's...
H 1 2 3 4 f(x) -7 7 -4 50 f'(x) 7 -8 6 -2 he function f has a continuous second derivative. The table above gives values of f and its first erivative at selected values of . Use integration by parts...
. j. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 10%. Year Payment $100 2 $300 W $600 Round your answers to the nearest cent. PV of...
How do eukaryotic cells maintain organelle homeostasis and regulate organelle dynamics through processes such as mitochondrial fusion and fission, endoplasmic reticulum (ER) stress responses, and...
C5 Q2 V1: A quiz consists of 10 true/false questions. You have a 55% chance of getting the answer correct on each question. Find the probability that you get 7 or 8 questions correct.
What are the molecular mechanisms underlying eukaryotic chromatin structure and dynamics, including the roles of histone modifications, chromatin remodeling complexes, and higher-order chromatin...
Abby Duncan a diamond necklace for 1 7 , 4 0 0 at Royal jewelers. The state sales tax is 8 % and the federal excise tax on this type of jewelry is 1 0 % on amounts over $ 1 0 , 0 0 0 . a . What is...
Dark Days at Sunnyvale: Can Teamwork Part the Clouds? The Sunnyvale Resort is a 300-room luxury property with a lake on one side and a golf course, riding stables, and tennis courts on the other....
Why is it important for mental health workers to be able to analyze legal challenges facing families today? In your own family or family of origin, how was your family affected by laws specific to...
A number of years ago the United Food and Commercial Workers Union organized 800 workers of the 1035 employees at one of the Wilson Brothers food operations in Toronto, Ontario. The employees include...
What problems can result from the use of tight standards?
How is a cost center different from either an investment or a profit center?
How is standard labor time determined? Explain the two ways.

A An American-based MNC, obtains a one-year loan of 30.000,000 Japanese yen at a nominal interest rate

Question:

Expert Answer:

Students also viewed these finance questions