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A foreign exchange dealer in Hong Kong normally provides quotes for spots, one month, three months, and six months. When you ask over the telephone for current quotations for the Swiss France against the U.S dollar, your heart "1.8100-15, 60-55, 172-156, 340-310."

a. What would you receive in dollars if your sold SF 1,000,000 spot?

b. what would it cost you to purchase SF 12,000,000 forward three months for dollars? What would you make payment?

c. In New York, three month Treasury bills yield 9% per annum. Using offer quotes only for simplicity, calculate the yield on Swiss three-month bills.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92865346

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