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nekit [7.7K]
1 year ago
9

1. Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean

won to be received on January 15, 2022. The following exchange rates applied:
Date Spot Rate Forward Rate to Jan.15
December 16, 2021 $ 0.00082 $ 0.00089 December 31, 2021 0.00080 0.00083 January 15, 2022 0.00086 0.00086 Assuming a forward contract was entered into, the foreign currency was originally sold in the foreign currency market on December 16, 2021 at a:
Forward contract discount $1,400.
Forward contract premium $1,400.
Forward contract discount $600.
Forward discount premium $600.
There is no premium or discount because the fair value of the contract is zero.
Business
1 answer:
zaharov [31]1 year ago
3 0

The foreign currency was originally sold in the foreign currency market on December 16, 2021 at is $1,400. The correct option is (b).

According to the scenario, the foreign

currency that original sold at the market is

shown below:

= (Forward rate to Jan 15 - Spot rate) x

payment made

= ($0.00089 - $0.00082 ) x 20 million

= $0.00007 x 20,000,000

= $1,400 premium

hence, the foreign currency that originally

sold at the market is $1,400 premium

Therefore the correct option is (b).

A foreign currency is the currency used by a foreign country as its recognized form of monetary exchange. This particular currency is the only form of exchange that the applicable government allows to be used for buying and selling within its borders.

To know more about Foreign currency visit:

brainly.com/question/19353936

#SPJ4

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C. an open-end fund

Explanation:

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3 years ago
Easy Car Corp. is a grocery store located in the Southwest. It expects to pay an annual dividend of $6.30 next year to its share
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Answer:

Missing question <em>"1. What is the cost of debt for Easy Corp? 2. How many interest payments are left for the bond of Easy Corp? 3. What is the interest payment per period for the bond? 4. What is the discount rate per period to use in pricing the bonds? 5. What is the market value of equity for Easy? 6. What is the cost of equity for Easy?"</em>

<em />

1. Cost of debt is equal to YTM, which is equal to 10%

Cost of debt = YTM = 10%

2. Number of interest payment to be made is equal to 26 * 2 = 52

This is because payment is made semi annually

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3 years ago
What are the advantages to shared decision-making
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Which of the following would most likely shift a production possibilities curve to the right?
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Answer:

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Explanation:

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Factors that leads to an outward shift of the production possibility curve;

1. Increase in labour force

2. Increase in education level of the Labour force

3. Technological advancement

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I hope my answer helps you

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Answer:

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<u>To calculate the depreciation expense for 2024, we need to use the following formula:</u>

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