While you were visiting london, you purchased a jaguar for £35,000, payable in three months. you have enough cash at your bank in new york city, which pays 0.35% interest per month, compounding monthly, to pay for the car. currently, the spot exchange rate is $1.45/£ and the three-month forward exchange rate is $1.40/£. in london, the money market interest rate is 5.0% for a three-month investment. there are two alternative ways of paying for your jaguar. (a) keep the funds at your bank in the u. s. and buy £35,000 forward. (b) buy a certain pound amount spot today and invest the amount in the u. k. for three months so that the maturity value becomes equal to £35,000. evaluate each payment method. which method would you prefer? why
Answers: 2
Business, 22.06.2019 09:30, kingtrent81
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $385,000; cash paid for rent, $49,000; cash paid to employees for services rendered during the year, $129,000; cash paid for utilities, $59,000. in addition, you determine that customers owed the company $69,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,900 at year-end, and the rent payment was for a two-year period.
Answers: 1
Business, 22.06.2019 12:00, hannaboo53
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Business, 22.06.2019 19:50, Salas1333
Which of the following would create the most money? the initial deposit is $6,500 and the required reserve ratio is 20 percent. the initial deposit is $3,000 and the required reserve ratio is 10 percent. the initial deposit is $7,500 and the required reserve ratio is 25 percent. the initial deposit is $4,500 and the required reserve ratio is 15 percent.
Answers: 1
While you were visiting london, you purchased a jaguar for £35,000, payable in three months. you hav...
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