Quotes for the yen and for the Taiwan dollar (NT$)
Suppose Dow Chemical receives quotes of $0.009369-71 for the yen and $0.03675-6 for the Taiwan dollar (NT$). a. How many U.S. dollars will Dow Chemical receive from the sale of ¥50 million? b. What is the U.S. dollar cost to Dow Chemical of buying ¥1 billion? c. How many NT$ will Dow Chemical receive for U.S.$500,000