1-Assume that a currency’s spot and futures price are the same, and the currency’s interest rate is higher than the U.S. rate. If US investors wish to lock in the higher foreign return (and limit risk), what effect will the actions of U.S. investors have on the currency’s spot rate? the currency’s futures price?
2- Your company expects to receive 5,000,000 Japanese yen 60 days from now. You decide to hedge your position by selling Japanese yen forward. The current spot rate of the yen is $.0089, while the forward rate is $.0095. You expect the spot rate in 60 days to be $.0090. How many dollars will you receive for the 5,000,000 yen 60 days from now?
In: Finance
A U.S.-based company, American Construction, Inc., arranged a 2-year, $1,000,000 loan to fund a project in Mexico. The loan is denominated in Mexican pesos, carries a 10.0% nominal rate, and requires equal semiannual payments. The exchange rate at the time of the loan was 5.75 pesos per dollar, but it dropped to 5.15 pesos per dollar before the first payment came due. The loan was not hedged in the foreign exchange market. Thus, Stewart must convert U.S. funds to Mexican pesos to make its payments. If the exchange rate remains at 5.15 pesos per dollar through the end of the loan period, what nominal interest rate will Stewart end up paying on the loan?
In: Finance
lakonishok equipment has an investment opportunity in europe. the project costs E15 million and is expected to produce cash flow of E2.7 million in year 1. E3.3 million in year 2 and E3.8 million in year 3. the current spot excahnge rate is $1.42/E; and the current risk-free rate in the Unites States is 2.8 percent, compared to that in europe of 21 percent. the appropiate discount rate for the project is estimated to be 10 percent, the U.S cost of capital for the company. in addition the subsidiary can be sold ar the end of three years for an estimated E97 million. use the exact form of interest rate parity in calcularing the expected sopt rates. what is the NVP of the project in U.S dollars?
In: Finance
Lakonishok Equipment has an investment opportunity in Europe. The project costs 15.7 million euros and is expected to produce cash flows of 1.2 million euros in Year 1, 8.4 million euros in Year 2, and 11.5 million euros in Year 3. The current spot exchange rate is 0.821 euros per 1 U.S. dollar. The current risk-free rate in the United States is 3.3 percent, compared to 1.5 percent in Europe. The appropriate discount rate for the project is estimated to be 8.2 percent, the U.S. cost of capital for the company. The subsidiary can be sold at the end of three years for an estimated 7.6 million euros. What is the NPV of the project ignoring taxes?
[Round the final answer to the nearest cent]
In: Finance
The intangible assets section of Salmiento
Corporation’s balance sheet at Decem-
ber 31, 2010, is presented here.
Patents ($60,000 cost less $6,000 amortization) $54,000
Copyrights ($36,000 cost less $25,200 amortization) 10,800
Total $64,800
The patent was acquired in January 2010 and has a useful life of 10
years. The copyright
was acquired in January 2004 and also has a useful life of 10
years. The following cash
transactions may have affected intangible assets during 2011.
Jan. 2 Paid $45,000 legal costs to successfully defend the patent
against in-
fringement by another company.
Jan.–June Developed a new product, incurring $210,000 in research
and development
costs. A patent was granted for the product on July 1, and its
useful life is
equal to its legal life. Legal and other costs for the patent were
$20,000.
Sept. 1 Paid $40,000 to a quarterback to appear in commercials
advertising
the company’s products. The commercials will air in September
and
October.
Oct. 1 Acquired a copyright for $200,000. The copyright has a
useful life and
legal life of 50 years.
Instructions
(a) Prepare journal entries to record the transactions.
(b) Prepare journal entries to record the 2011 amortization expense
for intangible assets.
(c) Prepare the intangible assets section of the balance sheet at
December 31, 2011.
(d) Prepare the note to the financial statements on Salmiento
Corporation’s intangible
assets as of December 31, 2011.
In: Accounting
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In: Accounting
ABC Corporation purchased a $2million life insurance policy on their Chief Financial Officer (CFO), who was a 20 percent stockholder in the corporation. Two years later the CFO resigned and sold his stock in the corporation. Three months later, the former CFO dies and ABC Corporation files a claim with the insurer for $2 million. Can ABC Corporation collect on the policy?
In: Finance
1. Sustainability has been defined as the quadruple bottom line which includes consideration of economic, environmental, intergenerational and social factors. How do these four pillars play out in your former or current industry?
2. When we add global considerations to sustainable development, what new considerations arise?
3. What is the role of leadership in sustainability?
In: Operations Management
JAVA
Write a program that prompts the user to enter the exchange rate from currency in U.S. dollars to Saudi Riyals. Prompt the user to enter 0 to convert from U.S. dollars to Saudi Riyals and 1 to convert from Saudi Riyal and U.S. dollars. Prompt the user to enter the amount in U.S. dollars or Saudi Riyal to convert it to Saudi Riyal or U.S. dollars, respectively.
Here are the sample runs:
Enter the exchange rate from
dollars to SR: 3.75
Enter 0 to convert dollars to SR and 1 vice versa: 0
Enter the dollar amount: 100
$100.0 is 375.0 SR
In: Computer Science
Convert JSON TO XAML
{
"message": {
"affenpinscher": [],
"african": [],
"airedale": [],
"akita": [],
"appenzeller": [],
"australian": [
"shepherd"
],
"basenji": [],
"beagle": [],
"bluetick": [],
"borzoi": [],
"bouvier": [],
"boxer": [],
"brabancon": [],
"briard": [],
"buhund": [
"norwegian"
],
"bulldog": [
"boston",
"english",
"french"
],
"bullterrier": [
"staffordshire"
],
"cairn": [],
"cattledog": [
"australian"
],
"chihuahua": [],
"chow": [],
"clumber": [],
"cockapoo": [],
"collie": [
"border"
],
"coonhound": [],
"corgi": [
"cardigan"
],
"cotondetulear": [],
"dachshund": [],
"dalmatian": [],
"dane": [
"great"
],
"deerhound": [
"scottish"
],
"dhole": [],
"dingo": [],
"doberman": [],
"elkhound": [
"norwegian"
],
"entlebucher": [],
"eskimo": [],
"finnish": [
"lapphund"
],
"frise": [
"bichon"
],
"germanshepherd": [],
"greyhound": [
"italian"
],
"groenendael": [],
"havanese": [],
"hound": [
"afghan",
"basset",
"blood",
"english",
"ibizan",
"plott",
"walker"
],
"husky": [],
"keeshond": [],
"kelpie": [],
"komondor": [],
"kuvasz": [],
"labrador": [],
"leonberg": [],
"lhasa": [],
"malamute": [],
"malinois": [],
"maltese": [],
"mastiff": [
"bull",
"english",
"tibetan"
],
"mexicanhairless": [],
"mix": [],
"mountain": [
"bernese",
"swiss"
],
"newfoundland": [],
"otterhound": [],
"ovcharka": [
"caucasian"
],
"papillon": [],
"pekinese": [],
"pembroke": [],
"pinscher": [
"miniature"
],
"pitbull": [],
"pointer": [
"german",
"germanlonghair"
],
"pomeranian": [],
"poodle": [
"miniature",
"standard",
"toy"
],
"pug": [],
"puggle": [],
"pyrenees": [],
"redbone": [],
"retriever": [
"chesapeake",
"curly",
"flatcoated",
"golden"
],
"ridgeback": [
"rhodesian"
],
"rottweiler": [],
"saluki": [],
"samoyed": [],
"schipperke": [],
"schnauzer": [
"giant",
"miniature"
],
"setter": [
"english",
"gordon",
"irish"
],
"sheepdog": [
"english",
"shetland"
],
"shiba": [],
"shihtzu": [],
"spaniel": [
"blenheim",
"brittany",
"cocker",
"irish",
"japanese",
"sussex",
"welsh"
],
"springer": [
"english"
],
"stbernard": [],
"terrier": [
"american",
"australian",
"bedlington",
"border",
"dandie",
"fox",
"irish",
"kerryblue",
"lakeland",
"norfolk",
"norwich",
"patterdale",
"russell",
"scottish",
"sealyham",
"silky",
"tibetan",
"toy",
"westhighland",
"wheaten",
"yorkshire"
],
"vizsla": [],
"waterdog": [
"spanish"
],
"weimaraner": [],
"whippet": [],
"wolfhound": [
"irish"
]
},
"status": "success"
}In: Computer Science