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
Suppose that in slovakia one unit of labor can produce either 16 tons of wheat or 32 tons of soy and in poland one unit of labor
mojhsa [17]
Slovakia has the comparative advantage in producing wheat since per unit of labor it can produce more wheat than Poland.
7 0
3 years ago
Carly is eager to tell the interviewer about the team she led of product managers from the United States, Latin America, and Eur
olga nikolaevna [1]

Answer:

a.Social dimension

Explanation:

Social dimension is related to values norms, rules and roles in society. It has the most important influence on human behaviour, and values human rights and cultural diversity.

Carly is trying to communicate the social dimension of working with product managers from Latin America, Europe, and the United States. She was able to make them work together despite cultural differences.

3 0
3 years ago
Read 2 more answers
​Hyde's Headphones sells deluxe headphones for $ 80 each. Unit variable expenses total $ 45. The breakeven sales in units is 2 c
Gekata [30.6K]

Answer:

$114,320

Explanation:

The computation is shown below:

The margin of safety equals to

= (Expected sales units - break even sales  units) × Selling price per unit

where,

expected sales units = 4,329 units

Break even sales units = 2,900 units

And, the selling price per units is $80 each

So, the margin of safety in dollars is

= (4,329 units - 2,900 units) × $80

= 1,429 units × $80

= $114,320

This is the answer but the same is not provided in the given options

5 0
4 years ago
You plan to work for 40 years and then retire using a 25-year annuity. You want to arrange a retirement income of $4500 per mont
Triss [41]

Answer:

623,459.79 and 224.51

Explanation:

first lets consider the first part of the problem and is how mucho do i need to accumulate for having an annuity for 25 years. this problem can be solved applying the concept of annuity, keep in mind that an annuity is a formula which allows you to calculate the present value of future payments affected by an interest rate.by definition the present value of an annuity is given by:

a_{n} =P*\frac{1-(1+i)^{-n} }{i}

where a_{n} is the present value of the annuity, i is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:

a_{25*12} =4,500*\frac{1-(1+0.006)^{-25*12} }{0.006}

look at the value 25*12 because the problem tells us is during 25 years but the payment is monthly, and look at the 0.006 and it is comming from the APR/12 and we must do that because this rate is componded Monthly:

a_{25*12} =623,459.79

so for the second part we must calculate the second part we must calculate the acumulated value at 40 years of work:

s_{n} =P*\frac{(1+i)^{n}-1 }{i}

where s_{n} is the future value of the annuity, i is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid. so applying to this particular problem, we have:

623,459.79 =P*\frac{(1+0.006)^{40*12}-1 }{0.006}

solving for P we have:

P=224.51

4 0
4 years ago
Ann is in the middle of completing her first 1040EZ tax form. She has some questions about an instruction on the form. What shou
Len [333]
Look at the instructions for that form 1040EZ online. If that doesn't help you call the dept of taxation for help
7 0
3 years ago
Other questions:
  • PLEASE HURRY!!!!!!
    6·2 answers
  • What was the stated purpose of the Food Administration during the Great War? A. It was to set up food banks for Americans B. It
    11·2 answers
  • Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.62 per mile driven. Joyce has determined that if
    14·1 answer
  • Explain how money encourages specialization, and how specialization improves everyone's standard of living.
    8·1 answer
  • Quick Buck and Pushy Sales have agreed to each produce half the profit-maximizing monopolist quantity, set the monopoly price an
    6·1 answer
  • The liquidity preference model: a uses the demand and supply of money to determine the level of potential output. b uses the dem
    5·1 answer
  • In a free-market economy, a product which entails a positive externality will be
    9·1 answer
  • It is important to know your own strengths and weakness. Please select the best answer from the choices provided T F.
    11·1 answer
  • ABCD A building was purchased for $350,000 with a 20% down payment. If the lender charged the buyer three discount point, how mu
    8·1 answer
  • an employee is taking cash and making up the difference by holding the deposit until the next cash receipts are received. the be
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!