Question assume that a banks bid rate on japanese yen is, Ask an Expert

Finance

Question: Assume that a bank's bid rate on Japanese yen is $.0052 and its ask rate is $.0056. Using the bid/ask rate compute the bid/ask spread percentage. If you converted a $1000 to Japanese yen and back to dollars again how much money would you lose?

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92774445

Have any Question?Write your Review or question?

Related Questions in Basic Finance

1 the additional interest rate premium required to

1. The additional interest rate premium required to compensate the lender for the probability that a borrower will not be able to repay interest and principal on a loan is known as? a. inflation premium b. default risk p ...

A new piece of equipment is purchased for 15000 the

A new piece of equipment is purchased for $15,000. The expected lifetime of the asset is five years. Which depreciation method depreciates exactly 3,000 each year? It would be Straight-line, Modified Accelerated Cost Rec ...

Ross textiles wishes to measure its cost of common stock

Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $57.50. The firm expects to pay a $3.40 dividend at the end of 2013. The dividends for the past 5 years are shown ...

Need help figuring out how to solve for irr ive looked all

Need help figuring out how to solve for IRR. I've looked all over and seeing different ways to do it, however I'm not sure how to get the IRR %. I know that NPV is 0, but not sure how to calculate the rest. Suppose your ...

What is venture capital and what types of firms receive

What is venture capital, and what types of firms receive it? What are some of the important services provided by underwriters? What type of underwriting is the most common in the United States, and how does it work? What ...

A firm issues 100000000 of bond priced at 99 percent and

A firm issues $100,000,000 of bond priced at 99 percent and carrying a coupon rate of 12%. Calculate: a) The number of bond actually issued. b) the price paid by the investors for each bond c) the dollar coupon to be pai ...

Estimate cost of capital for a 10-year project with a

Estimate cost of capital for a 10-year project with a market risk B=1.2. Assume expected market return is 10%.

General mills has a 1000 par value 15-year to maturity bond

General Mills has a $1,000 par value, 15-year to maturity bond outstanding with an annual coupon rate of 8.01 percent per year, paid semiannually. Market interest rates on similar bonds are 8.15 percent. Calculate the bo ...

Question - cannonier inc has identified an investment

Question - Cannonier, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $970 2 1,200 3 1,420 4 2,160 If the discount rate is 7 percent, what is the future value of these cash flow ...

One year ago you bought a put option on 125000 euros with

One year ago, you bought a put option on 125,000 euros with an expiration date of one year. You paid a premium on the put option of $.05 per unit. The exercise price was $1.36. Assume that one year ago, the spot rate of ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert