You are provided with the following quotes: AUDIS 1.4873 - 79 Yen/s 111.4771 - 77 Calculate the $/AUD bid and ask rates. Show your answer in the space below. For example: S/AUD bid rate S/AUD ask rate

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter11: Managing Transaction Exposure
Section: Chapter Questions
Problem 4SBD
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You are provided with the following quotes:
AUD/S 1.4873 - 79
Yen/$ 111.4771 - 77
Calculate the $/AUD bid and ask rates.
Show your answer in the space below. For example:
S/AUD bid rate =
...
S/AUD ask rate =
..........
.......
Transcribed Image Text:You are provided with the following quotes: AUD/S 1.4873 - 79 Yen/$ 111.4771 - 77 Calculate the $/AUD bid and ask rates. Show your answer in the space below. For example: S/AUD bid rate = ... S/AUD ask rate = .......... .......
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