Computing net foreign exchange bought

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Question: P.J. Chase Stanley Bank holds $77 million in foreign exchange assets and $69 million in foreign exchange liabilities. P.J. Chase Stanley also conducted foreign currency trading activity in which it bought $167 million in foreign exchange contracts and sold $138 million in foreign exchange contracts. a. What is P.J. Chase Stanley's net foreign assets? (Enter your answer in millions.) Net foreign assets $ million b. What is P.J. Chase Stanley's net foreign exchange bought? (Enter your answer in millions.) Net foreign exchange bought $ million c. What is P.J. Chase Stanley's net foreign exposure? (Enter your answer in millions.) Net foreign exposure $ million

Reference no: EM132038685

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