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Question: Siam Cement, the Bangkok-based cement manufacturer, suffered enormous losses with the coming of the Asian crisis in 1997. The company had been pursuing a very aggressive growth strategy in the mid-1990s, taking on massive quantities of foreign currency denominated debt (primarily U.S. dollars). When the Thai baht (B) was devalued from its pegged rate of B25.0/$ in July 1997, Siam's interest payments alone were over $900 million on its outstanding dollar debt (with an average interest rate of 8.40% on its U.S. dollar debt at that time). Assuming Siam Cement took out $50 million in debt in June 1997 at 8.40% interest, and had to repay it in one year when the spot exchange rate had stabilized at B42.0/$, what was the foreign exchange loss incurred on the transaction?
Your site posted a response which included only the increased interest as the loss. Why would the increased principal not also be considered?
Why do Investors Buy and Sell Derivatives Rather than the Underlying Assets? Please provide real examples.
Juggernaut Satellite Corporation earned $23 million for the fiscal year ending yesterday. The firm also paid out 30 percent of its earnings as dividends.
On January 1, 2006, Shirley Corporation purchased 10% bonds dated January 1, 2006, with a face amount of $10 million. The bonds mature in 2015 (10 years).
Baseball's World Series is a maximum of seven games, with the winner being the first team to win four games. Assume that the Atlanta Braves are playing.
What are the major differences between the four CPM loans discussed?- What are the advantages to borrowers and risks to lenders for each? What elements do each of the loans have in common?
What key financial ratio will you be using to measure the performance of your organization to determine success?
Class, why would I use market values in calculating the weights of the types of capital?
You have been hired by Bank of Sydney as a financial analyst. One of your first job assignments is to analyse the present financial condition of Bradley Stores.
Explain three similarities of both future and forward currency contracts and three major differences of both future and forward currency contracts.
Given that accounts receivable represents a delay in the receipt of cash that could be put to good use, why do firms allow credit purchases at all?
Baugh & Essary has net income of $149,200, sales of $936,800, a capital intensity ratio of 0.74, and an equity multiplier of 1.5. What is the return on equity?
Develop a list of 5 or more specific cyberspace or cybersecurity related risks which the company included in its report investors.
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