Suppose the exchange rate between U.S, dollars and the Swiss franc was SFr1.6=$1, and the exchange rate between U.S dollars and British pound was L1=$1.50. What was the cross rate between francs and pounds?© BrainMass Inc. brainmass.com October 25, 2018, 2:46 am ad1c9bdddf
The cross rate between francs and pounds is expressed.
Solving for the Cross Rate and Call Premium
1. The Swiss franc is selling for $.7681 and the British pound is selling for $1.6581. The cross rate between the franc and the pound is what?
2. Buchanan Corp. is refunding $12 million worth of 10% debt. The corporation's tax rate is 35%. The call premium is 9%. What is the net cost of the call premium?View Full Posting Details