An Omani businessman has just completed transactions in UAE and Europe. He is now holding 4,000,000 and EUR 500, 000 and wants to convert to U.S. dollars. His currency dealer provides this quotation: EUR/USD 1.2000 - 1.2020 USDIAED 0.2722 - 0.2740 What are his proceeds from both conversion? nal Finance(1)An Omani businessman has just completed transactions in UAE and Europe. Heis now holding AED 4,000,000 and EUR 500, 000 and wants to convert to U.S. dollars.His currency dealer provides this quotation:EUR/USD1.2000 1.2020USD/AED0.2722 0.2740What are his proceeds from both conversion?

The dealer exchange rates are the best estimates of the proceeds received from the conversion of one…

An Omani businessman has just completed transactions in UAE and Europe. He is now holding 4,000,000 and EUR 500, 000 and wants to convert to U.S. dollars. His currency dealer provides this quotation: EUR/USD 1.2000 - 1.2020 USDIAED 0.2722 - 0.2740 What are his proceeds from both conversion?

An Omani businessman has just completed transactions in UAE and Europe. He is now holding 4,000,000 and EUR 500, 000 and wants to convert to U.S. dollars. His currency dealer provides this quotation: EUR/USD 1.2000 - 1.2020 USDIAED 0.2722 - 0.2740 What are his proceeds from both conversion?

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter9: Taxation Of International Transactions

Section: Chapter Questions

Problem 27P

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An Omani businessman has just completed transactions in UAE. He is now holding AED 710,000 and SAR 120,000,000 and 100,000 wants to convert it to Omani rial (OMR). His currency dealer provides this quotation : Bid Ask SAR/ USD 3.7500 12 USD /AED 0.2722 OMR USD 0.3846 04 What are his proceeds from conversions ?
An Omani businessman has just completed transactions in UAE. He is now holding AED 710,000 and SAR 120,000, 000 and $100,000 wants to convert it to Omani rial (OMR).His currency dealer provides this quotation:Bid AskSAR/USD 3.7500 - 12 USD/AED 0.2722 - 08 OMR/USD 0.3846 - 04 What are his proceeds from conversions?
An Omani businessman has just completed transactions in UAE. He is now holding AED 880,000 and $120,000 wants to convert it to Omani rial (OMR). His currency dealer provides this quotation: Bid Ask USD/AED 0.2722 - 08 OMR/USD 0.3846 - 04 What are his proceeds from conversions?
Q2) A. An Omani businessman has just completed transactions in UAE and Saudi Arabia . He is now holding AED 710,000 and SAR 1,210, 000 and wants to convert it to Omani rial (OMR). His currency dealer provides this quotation: Bid Ask SAR/USD 3.7500 - 12 USD/AED 0.2722 - 08 OMR/USD 0.3846 - 04 What are his proceeds from conversions?
(a) Suppose you are a Bangladesh Citizen who is planning to go to USA. Current Exchange Rate is Tk BDT/$ 85/86 and according to your estimation you need 3.5lacs taka for your trip. i. How much BDT do you need to cover your cost of trip? ii. What is the American Quote in this case? (b) The following exchange rates are given AUD/USD 1.1197/1.2135 & AUD/GBP 2.1920/2.2500. What is the European quote for Pounds?
4) Brief, Inc., had a receivable from a foreign customer that is payable in the customer’s local currency. On December 31, 2020, Brief correctly included this receivable for 200,000 local currency units (LCU) in its balance sheet at $110,000. When Brief collected the receivable on February 15, 2021, the U.S. dollar equivalent was $120,000. In Brief’s 2021 consolidated income statement, how much should it report as a foreign exchange gain? a) $–0– b)$10,000 c) $15,000 d) $25,000
Give typing answer with explanation and conclusion Stephanie G. has just returned from a long trip to Europe. She started the trip with $6,000 in her pocket. She spent €2,370 traveling throughout euroland, 5,390NKr in Norway, and £1394 in the U.K. The exchange rates were $1 = € .8397, 1NKr = $.1173, and £1 = $1.3878. How many dollars did she have left by the time she returned to the U.S.?
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I want the answer of (c). I need the answer of all questions 8. As an employee of the foreign exchange department for a commercial bank in USA, you have been provided the following information: Beginning of Year: Initial amount of investment $2,00,000 One-year forward rate of £ = $1.59 One-year U.S interest rate 8.00% One-year British interest rate 9.09% 11 Spot rate of f = $1.625 Spot rate of Australian dollar (A$) = $.70 Cross exchange rate: £1= A$2.35 One-year forward rate of A$ = $0.70 One-year Australian interest rate 10.00% a) Determine whether triangular arbitrage is feasible and, if so, how it should be conducted to make a profit? b) Using the information, determine whether covered interest arbitrage is feasible and, if so, how it should be conducted to make a profit? c) Assume that at the beginning of the year, the pound's value is in equilibrium. Over-the- year, the British inflation rate is 6 percent, while the U.S. inflation rate is 4 percent. Further…