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vichka [17]
3 years ago
8

You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dolla

r-pound exchange rate is quoted at $2.00 = £1.00.
If a bank quotes you a cross rate of £1.00 = €1.20, how much money can an astute trader make?
Business
1 answer:
olga_2 [115]3 years ago
8 0

Answer:

$41,666.667

Explanation:

The computation of the money astute trader make is

= Invested amount × (Euro exchange rate ÷ dollar exchange rate) × (Pound cross rate ÷ euro cross rate)  × dollar exchange rate

= $1,000,000 × (€1.00  ÷  $1.6) × (£1 ÷ €1.2) × $2

= $1,041,666.667

So, the money would be

= $1,041,666.667 - $1,000,000

= $41,666.667

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In order for a broker to write an offer for a buyer on a HUD-acquired property, the broker must use a:
sashaice [31]

Answer:

HUD sales contract

Explanation:

An HUD sales contract is a form that is filled by a broker concerning the sale of a property or properties. Filling an HUD sales contract is a very important knowledge that a sales agent must possess as it could either impress or discourage a buyer from purchasing a property. An HUD sales contract is also called HUD-9548.

I hope this helps.

7 0
3 years ago
This principle suggests that a certain amount of money today has different buying power than the same amount of money in the fut
Taya2010 [7]

Answer:

Time value of money

Explanation:

This principle states that money is more valuable at the moment or present than same amount of money in the future due its potential for increase in profit. A person or an investor that wants to make a return or gain will prefer to have the money now than have the same amount of money in the future. This is due to the potential of the money to increase in terms of earning capacity.

7 0
3 years ago
Jeff is a manager at a paper mill. he has received a grievance from a group of employees who are union members. the grievance cl
Fudgin [204]

The best thing that Jeff will do in this situation is to conduct an examination in terms of the grievant’s personnel records as this is only best and appropriate that Jeff to review the files of his employees in solving the problem.

6 0
3 years ago
Which of the following of Wegman's motivating factors is an intrinsic motivator?
Delvig [45]

The answer choice which shows the Wegman's motivating factor which is an intrinsic motivator is:

  • a. A sense of pride from meeting customer needs

<h3>What is a motivating factor? </h3>

This refers to the things which makes a person behave in a certain way with the aim of getting a reward.

<h3>What is Intrinsic Motivation? </h3>

This refers to the pleasures gotten from performing a task or doing a certain action which is for fun, rather for external motivation like money or other rewards.

Therefore, we can see that from Wegman's policy, he was able to get intrinsic motivation from meeting the customer's needs which gave him a sense of pride.

Read more about motivation here:

brainly.com/question/6853726

7 0
2 years ago
The following annual returns for Stock E are projected over the next year for three possible states of the economy. What is the
mr_godi [17]

The question is incomplete. Here is the complete question:

The following annual returns for Stock E are projected over the next year for three possible states of the economy. What is the stock’s expected return and standard deviation of returns? E(R) = 8.5% ; σ = 22.70%; mean = $7.50; standard deviation = $2.50

State              Prob     E(R)

Boom             10%     40%

Normal           60%     20%

Recession       30%   - 25%

Answer:

The expected return of the stock E(R) is 8.5%.

The standard deviation of the returns is 22.7%

Explanation:

<u>Expected return</u>

The expected return of the stock can be calculated by multiplying the stock's expected return E(R) in each state of economy by the probability of that state.

The expected return E(R) = (0.4 * 0.1)  +  (0.2 * 0.6)  +  (-0.25 * 0.3)

The expected return E(R) = 0.04 + 0.12 -0.075 = 0.085 or 8.5%

<u>Standard Deviation of returns</u>

The standard deviation is a measure of total risk. It measures the volatility of the stock's expected return. The standard deviation (SD) of a stock's return can be calculated by using the following formula:

SD = √(rA - E(R))² * (pA) + (rB - E(R))² * (pB) + ... + (rN - E(R))² * (pN)

Where,

  • rA, rB to rN is the return under event A, B to N.
  • pA, pB to pN is the probability of these events to occur
  • E(R) is the expected return of the stock

Here, the events are the state of economy.

So, SD = √(0.4 - 0.085)² * (0.1) + (0.2 - 0.085)² * (0.6) + (-0.25 - 0.085)² * (0.3)

SD = 0.22699 or 22.699% rounded off to 22.70%

7 0
3 years ago
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