Finance Minicase - 1062 Words

MINI CASE For your job as the business reporter for a local newspaper, you are asked to put together a series of articles on multinational finance and the international currency markets for your readers. Much recent local press coverage has been given to losses in the foreign exchange markets by JGAR, a local firm that is the subsidiary of Daedlufetarg, a large German manufacturing firm. Your editor would like you to address several specific questions dealing with multinational finance. Prepare a response to the following memorandum from your editor: To: Business Reporter From: Perry White, Editor, Daily Planet Re: Upcoming Series on Multinational Finance In your upcoming series on multinational finance, I would like†¦show more content†¦The indirect quote indicates the number of units of a foreign currency that can be bought for one unit of the home currency. Indirect quote = foreign currency / home currency |Contract |S/ foreign | |Spot |.8450 | |30 days |.8415 | |90 days |.8390 | |Indirect quote |[pic] |$ | |Spot |[pic] = |1.1834 | |Forward | | | |30 days |[pic] = |1.1883 | |90 days |[pic]= |1.1918 | h. You own $10,000. The dollar rate in Tokyo is 216.6752. The yen rate in New York is given in the preceding table. Are arbitrage profits possible? Set up an arbitrage scheme with your capital. What is the gain (loss) in dollars? Data ââ€" ª $10,000 dollars ââ€" ª Dollar rate in Tokyo is $216.6752 yen per dollar ââ€" ª Yen rate inShow MoreRelatedMr. Old Alfred Road763 Words   |  4 PagesMr. Old Alfred Road Page 1 Mr. Old Alfred Road Minicase Leek-Nunoo November 3, 2012 Mr. Old Alfred Road Page2 Abstract Old Alfred Road, who is well-known to drivers on the Maine Turn-pike, has reached his seventieth birthday and is ready to retire. Mr. Road has no formal training in finance but has saved his money and invested carefully. 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