Prob -13 (LG 9-6) Citibank holds $29 million in foreign exchange assets and $20 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $6 million in foreign exchange contracts and sold $17 million in foreign exchange contracts. a. What is Citibank's net foreign assets? (Enter your answer in millions.) Net foreign assets $ million b. What is Citibank's net foreign exchange bought? (Enter your answer in millions. Negative amount should be indicated by a minus sign.) Net foreign exchange bought $ million c. What is Citibank's net foreign exposure? (Enter your answer in millions. Negative amount should be indicated by a minus sign.) Net foreign exposure 69 million
Prob -13 (LG 9-6) Citibank holds $29 million in foreign exchange assets and $20 million in foreign exchange liabilities. Citibank also conducted foreign currency trading activity in which it bought $6 million in foreign exchange contracts and sold $17 million in foreign exchange contracts. a. What is Citibank's net foreign assets? (Enter your answer in millions.) Net foreign assets $ million b. What is Citibank's net foreign exchange bought? (Enter your answer in millions. Negative amount should be indicated by a minus sign.) Net foreign exchange bought $ million c. What is Citibank's net foreign exposure? (Enter your answer in millions. Negative amount should be indicated by a minus sign.) Net foreign exposure 69 million
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter7: Financial Activities
Section: Chapter Questions
Problem 2EIC
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