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71c3ef95-9b9a-4a43-aeef-0ce5c7026fcd.xls
A B C D E
1
2 CHAPTER 17 PROBLEMS
3 INTERNATIONAL BUSINESS FINANCE
4
5 Selling Quotes for Foreign Currencies in New York
6 Contract Foreign
7 Country per day Currency
8 Canada - dollar Spot 0.8437
9 30 0.8417
10 90 0.8395
11 Japan - yen Spot 0.004684
12 30 0.004717
13 90 0.004781
14 Switzerland - franc Spot 0.5139
15 30 0.5169
16 90 0.5315
17
18 PROBLEM 17-1
19
20 DATA
21 American business pays in local currency:
22 Canadian dollars 10,000
23 Japanese yen 2,000,000
24 Swiss francs 50,000
25
26 In American Dollars:
27 a) Canadian payment
28 b) Japanese payment
29 c) Swiss payment
30
31 PROBLEM 17-2
32
33 DATA
34 American business pays in American dollars:
35 Japan 10,000
36 Switzerland 15,000
37 Canada 20,000
38
39 Suppliers receive in local currency:
40 a) Japanese yen
41 b) Swiss francs
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71c3ef95-9b9a-4a43-aeef-0ce5c7026fcd.xls
A B C D E
42 c) Canadian dollars
43
44 PROBLEM 17-3
45
46 Indirect Quotes:
47 Canadian:
48 Spot =
49 30 day =
50 90 day =
51 Japan:
52 Spot =
53 30 day =
54 90 day =
55 Switzerland:
56 Spot =
57 30 day =
58 90 day =
59
60 PROBLEM 17-4
61
62 DATA
63 Asked rates:
64 Yen 2%
65 Canadian dollars 3%
66 Swiss francs 5%
67
68 Foreign
69 Bid rates Currency
70 Canada:
71 Spot =
72 30 day =
73 90 day =
74 Japan:
75 Spot =
76 30 day =
77 90 day =
78 Switzerland:
79 Spot =
80 30 day =
81 90 day =
82
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71c3ef95-9b9a-4a43-aeef-0ce5c7026fcd.xls
A B C D E
83 PROBLEM 17-5
84
85 DATA
86 Own 10,000
87 Tokyo rate to dollar 216.6743
88 NY rate to yen = 213.4927
89
90 Buy yen = 2,166,743
91 Sell in NY = 10,149
92 Net gain =
93
94 PROBLEM 17-6
95
96 Canadian dollar/yen =
97 Yen/Swiss franc =
98
99 COMPREHENSIVE PROBLEM
100
101 Selling Quotes for Foreign Currencies in New York
102 Contract Foreign
103 Country per day Currency
104 Canada - dollar Spot 0.8450
105 30 0.8415
106 90 0.8390
107 Japan - yen Spot 0.004700
108 30 0.004750
109 90 0.004820
110 Switzerland - franc Spot 0.5150
111 30 0.5182
112 90 0.5328
113
114 E)
115 DATA
116 American business pays in local currency:
117 Canadian dollars 15,000
118 Japanese yen 1,500,000
119 Swiss francs 55,000
120
121 In American Dollars:
122 a) Canadian payment
123 b) Japanese payment
Page 3
71c3ef95-9b9a-4a43-aeef-0ce5c7026fcd.xls
A B C D E
124 c) Swiss payment
125
126 F)
127 DATA
128 American business pays in American dollars:
129 Japan 20,000
130 Switzerland 5,000
131 Canada 15,000
132
133 Suppliers receive in local currency:
134 a) Japanese yen
135 b) Swiss francs
136 c) Canadian dollars
137
138 G)
139 Can. spot indirect quote =
140 Can. 30-day indirect quote =
141 Can. 90-day indirect quote =
142
143 H)
144 DATA
145 Own 10,000
146 Tokyo Dollar rate 216.6752
147
148 Buy $10,000 of yen in N.Y. = 47
149 Sell $10,000 of yen in Japan = 10,184
150 Arbitrage profit =
151
152 I)
153 Canadian dollar / yen spot rae =
Page 4
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