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Questions -
Q1. Assume that interest rate parity exists. The spot rate of the Argentine peso is $.40. The one-year interest rate in the U.S. is 7%; the comparable rate is 12% in Argentina. Assume the futures price is equal to the forward rate. An investor purchased futures contracts on Argentine pesos, representing a total of 1,000,000 pesos.
Determine the total dollar amount of profit or loss from this futures contract based on the expectation that the Argentine peso will be worth $.42 in one year.
Q2. Jill Miden does not believe that the IFE holds. Current one-year interest rates in Europe are 5 percent, whereas one-year interest rates in the U.S. are 3 percent. Jill converts $100,000 to euros and invests them in Germany. One year later, she converts the euros back to dollars. The current spot rate of the euro is $1.10.
a. According to the IFE, what should the spot rate of the euro in one year be?
b. If the spot rate of the euro in one year is $1.00, what is Beth's percentage return from her strategy?
Compute the basic EPS in the Dimaculangan issued 10,000 shares of 10%, 100 par, noncumulative, preference shares, and declared dividends
About 10% of the materials are defective and disposed of as waste. What is the savings to the company of locating inside a foreign trade zone
Prepare a workpaper that tracks the asset balance and annual expenses associated with R&D and the patent from 2008 through 2015
Cloud-based computing allows businesses to store and access large amounts of data over the Internet rather than on in-house computer hard drives. There are several cloud-based data solutions currently available in the marketplace.
tucson fruits leased farm equipment from barr machinery on july 1 2011. the lease was recorded as a sales-type lease.
At the beginning of the current season on April 1, the ledger of Granite Hills Pro Shop showed Cash $2,500, Inventory $3,500, and Common Stock $6,000.
Prepare the journal entries for each set of transaction data below. Post the transactions in the ledger. Record depreciation of $1,000 for equipment
at the close of its first year of operations december 31 2014 madeline company had accounts receivable of 1100000 after
Assuming outstanding checks total $2,450, prepare the adjusted bank balance section of the Ocober 30, 2019, bank reconciliation
Taurasi Company, a merchandiser, recently completed its 2011 operations.
On July 1, 2020, XYZ Company borrowed P2,500,000 from BPI, with 12% interest. What is the balance of the allowance for loan impairment
in obtaining evidence in support of financial statement assertions the auditor develops specific audit procedures to
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