In-Class Assignment ch07 sol

In-Class Assignment - Canadian dollars stated in French Francs – Bid CD Bid FF Ask = 0.8510 0.2250 = ff 3.7822 – Ask CD Ask FF Bid = 0.8595

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1 Cross Exchange Rates Quotes With Bid and Ask Quotes: Solution to in-Class Exercise # 4 Direct dollar quotes: For French Francs: • Bid-Ask Quote: $0.2205-50 For Canadian Dollar: • Bid-Ask Quote: $0.8510-95 Cross exchange rates: Find the direct bid-ask quote for
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Unformatted text preview: Canadian dollars, stated in French Francs – Bid: CD Bid / FF Ask = 0.8510 / 0.2250 = ff 3.7822 – Ask: CD Ask / FF Bid = 0.8595 / 0.2205 = ff 3.8980...
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This note was uploaded on 04/15/2011 for the course FINA 5500 taught by Professor Staff during the Spring '08 term at North Texas.

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