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Unformatted text preview: banks bid price for YEN2.69, 4,385,964 x 2.69 = YEN11,798,243) 3. The YEN11,798,243 are converted to $264,280 (base on the bankss bid price at $0.0224) 4. The profit is $264,280 100,000 = $164,280...
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This note was uploaded on 01/30/2011 for the course FIN 530 taught by Professor Dr.price during the Fall '10 term at Strayer.
- Fall '10
- International Finance