1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alenkinab [10]
3 years ago
12

The JPY/AUD spot exchange rate is 82.42, the JPY interest rate is 0.15%, and the AUD interest rate is 4.95%. If the interest rat

es are quoted on the basis of a 360-day year, the 90-day forward points in JPY/AUD would be closest to: A. –377.0. B. –97.7. C. 98.9.
Business
1 answer:
defon3 years ago
3 0

Answer:

The answer is B. -97.7.

Explanation:

As the question gives us the spot rate, the interest rates of two countries, We can apply the covered interest parity to calculate the 90-day forward exchange rate JPY/AUD from which 90-day forward points can be derived.

F = S x ( 1+ Rjpy) / ( 1+ Raud); in which Rjpy denoted as JPY interest rate ( 0.15% per annum) while Raud is AUD interest rate ( 4.95% per annum).

F = 82.42 x (1+ 0.15% x 90/360) / ( 1 + 4.95% x 90/360) = 81.443

=> The 90-day forward points is : 100 x ( F-S) = 100 x ( 81.443 - 82.42) = -97.7

You might be interested in
Rick lost his job as a logistics and distribution coordinator nearly three years ago. after a long and failed​ search, rick fina
d1i1m1o1n [39]
<span>Rick's decision to suspend his job search causes the unemployment rate to​ decrease and the labor force participation rate to​ decrease.

In this situation the unemployment rate is decreasing because he stopped looking for a job. Only those actively seeking a job can be considered part of the unemployment rate because they have to want a job but can't find one. The labor force participation rate is also dropping because Rick is no longer employed. </span>
7 0
3 years ago
What would be a good business to start with a friend?<br> (Explanation not needed.)
uranmaximum [27]

Answer:

A house lot. (Landlords)

Explanation:

You can hold houses for people to live in while they pay a monthly fee.

8 0
3 years ago
Aliyah purchased Verizon Communications stock in April 2015 for $48.90 per share. She sold the stock one-year later for $54.01 p
soldier1979 [14.2K]

Answer:

Capital Gains Yield = 10.45%

Explanation:

The capitals gain yield represents the percentage appreciation or increase in the value of an investment. It is simply calculated by calculating the increase in the value of an investment or stock/bond and divide it by its initial cost.

The formula for CG Yield is,

CG Yield = (P1 - P0) / P0

Where,

P1 is current price

P0 is initial price paid

Thus CG Yield = (54.01 - 48.9) / 48.9 = 0.10449 pr 10.449%

5 0
3 years ago
Which of the following statement is false? Group of answer choices Financing activities include the obtaining of cash from issui
Lapatulllka [165]

Answer:

Interest payment on bonds payable is a cash outflow from financing activities.

Explanation:

The only statement which is false from the list is : Interest payment on bonds payable is a cash outflow from financing activities.

Interest payment on bonds payable is an expense in the income statement used to determine the income for the year. Net Income falls under the Cash flows from Operating Activities.

6 0
3 years ago
The variance of a sample of 121 observations equals 441. The standard deviation of the sample equals 1.91. 231. 21. 11.
Cloud [144]

The standard deviation of sample equals: 11

Explanation:

Given:

                                 variance of sample (S^{2}) = 121

                                 no, of observations made = 441

                                         standard deviation = ?

By using the formula:

                          Standard deviation (S) = \sqrt{variance}

                                                                 = \sqrt{S}

                                                                 = \sqrt{121}

                                                                 = 11

Hence the standard deviation is equal to 11.

 

6 0
3 years ago
Other questions:
  • Is 42k-69k a year a good salary for an electrician
    9·2 answers
  • Which entrepreneur had a significant impact on the cosmetics industry?
    6·1 answer
  • Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1. Established a petty cash fund
    9·1 answer
  • Please help! Two paragraphs. Be as detailed as possible. Include examples. Will get brainliest.
    9·1 answer
  • Since engineers are ethically obligated to act for each employer or client as faithful agents or trustees they are expected to c
    13·1 answer
  • Consider an economy with 500 people in the labor force. At the beginning of every month, 5 people lose their jobs and remain une
    6·2 answers
  • Waterway Corporation purchased a truck at the beginning of 2020 for $59,500. The truck is estimated to have a salvage value of $
    11·1 answer
  • A person who wants to work in lodging, restaurant services, travel, amusements, and attractions wants to follow the career pathw
    5·2 answers
  • I need help with this question please
    7·1 answer
  • Which of the following statements about government regulation of business is true?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!