Six months ago qualitybank issued a dollar 140 million, Ask an Expert

Finance

Six months ago, Qualitybank issued a dollar 140 million, one-year-maturity CD, denominated in British pounds (Euro CD).

On the same date, dollar 80 million was invested in a pound-denominated loan and dollar 60 million in a U.S Treasury bill. The exchange rate on this date was pound 1.5382 for dollar

If you assume no repayment of principal and if today's exchange rate is pound1.1905 for dollar 1

a. What is the current value of the Euro CD principal in dollars and pounds? (Do not round intermediate calculations. Enter your answers in millions. Round your answers to 2 decimal places (e.g., 32.16))

b. What is the current value of the British loan principal in dollars and pounds? (Do not round intermediate calculations. Enter your answers in millions. Round your answers to 2 decimal places. (e.g., 32.16))

c. What is the current value of the U.S. Treasury b in dollars and pounds? (Do not round intermediate calculations. Enter your answers in millions. Round your answers to 2 decimal places. (e.g. 32.16))

d. What is Qualitybank's profit/loss from this transaction in dollars and pounds? (Input all amounts as positive values. Do not round intermediate calculations. Enter your answers in millions. Round your answers to 2 decimal places (e.g., 32.16))

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92822999

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