國(guó)際金融chapter--文庫(kù)吧資料
2024-08-18 04:38本頁(yè)面
【正文】 r other factors) a(n) _______ in Mexican demand for . goods, and the Mexican peso should _______. A) increase。 depreciate C) decrease。 appreciate Answer: A 5. An increase in . interest rates relative to German interest rates would likely _______ the . demand for euros and _______ the supply of euros for sale. A) reduce。 reduce C) reduce。 increase Answer: E 6. Baylor Bank believes the New Zealand dollar will appreciate over the next five days from $.48 to $.50. The following annual interest rates apply: Currency Lending Rate Borrowing Rate Dollars % % New Zealand dollar (NZ$) % % Baylor Bank has the capacity to borrow either NZ$10 million or $5 million. If Baylor Bank’s forecast if correct, what will its dollar profit be from speculation over the five day period (assuming it does not use any of its existing consumer deposits to capitalize on its expectations)? Daily interest rate is 1/360 of the annual rate. A) $521,325. B) $500,520. C) $104,262. D) $413,419. E) $208,044. ? 1. Borrow $5 million. ? 2. Convert to NZ$: $5,000,000/$.48 = NZ$10,416,667. ? 3. Invest the NZ$ at an annualized rate of % over five days. ? NZ$10,416,667 [1 + % (5/360)] ? = NZ$10,426,505 ? 4. Convert the NZ$ back to dollars: ? NZ$10,426,505 $.50 = $5,213,252 ? 5. Repay the dollars borrowed. The repayment amount is: ? $5,000,000 [1 + % (5/360)] ? = $5,000,000 [] ? = $5,005,208 ? 6. After repaying the loan, the remaining dollar profit is: ? $5,213,252 – $5,005,208 = $208,044 Answer: A 7. Assume the following information regarding . and Europ
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