1. Please calculate it according to Closed Mid point. 3. Please calculate it according to mid point and IN EURO. 5. Please calculate it according to mid point.
1. Please calculate it according to Closed Mid point. 3. Please calculate it according to mid point and IN EURO. 5. Please calculate it according to mid point.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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1. Please calculate it according to Closed Mid point.
3. Please calculate it according to mid point and IN EURO.
5. Please calculate it according to mid point.
This is the final one.
Please read the message and reject this question.
Transcribed Image Text:1. Dollar quotation
FFr
DM
£
¥
Closing Mid-point
5.675
1.692
1.6812
6.4628
Bid/Offer Spread
740-760
917-922
808-816
549-680
One Month Rate
5.665
1.689
1.6786
6.4658
(2) Miss Liu who lives in China bought an iPod on Ebay with price of 100 USD, so
how much RMB she cost?
(3) Mr. Brown who is a British travelling in USA now, and he bought a house in
Hawaii with price of 50,000 USD, so how much
he cost?
(5) Miss Liu sold her second-hand iPod to a friend with price of 60 USD in cash, she
go to bank to exchange for China Yuan, how much China Yuan she can exchange for?
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