This is for my finance class: You are the treasury manager of a multinational company. Your company
Fantastic news! We've Found the answer you've been seeking!
Question:
This is for my finance class: You are the treasury manager of a multinational company. Your company is opening up a branch in South Korea by transferring euros from its branch in Australia. You obtained the following quotes from your international banker:
AUD/USD0.7706
USD/KRW1124.7730
Your company transferred AUD15,000,000 to the South Korean branch.
A) How much is your transfer in USD?
B) What is the AUD/KRW rate?
C) What is the amount of KRW you have in South Korea?
Related Book For
Understanding Business Ethics
ISBN: 9781506303239
3rd Edition
Authors: Peter A. Stanwick, Sarah D. Stanwick
Posted Date: