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Long-Term Financing Decisions Commonly Occur in The

Question 87
Multiple Choice

In 1985,a given Japanese imported automobile sold for 1,476,000 yen,or $8,200.If the car still sold for the same amount of yen today but the current exchange rate is 138 yen per dollar,what would the car be selling for today in U.S.dollars? A) $11,979 B) $8,450 C) $10,375 D) $10,696 E) $11,444

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Q 88
Suppose one year ago,Hein Company had inventory in Britain valued at 229,000 pounds.The exchange rate for dollars to pounds was 1£ = 2.00 U.S.dollars.This year the exchange rate is 1£ = 1.82 U.S.dollars.The inventory in Britain is still valued at 229,000 pounds.What is the U.S.dollar gain or loss in inventory value as a result of the change in exchange rates? A) -$41,220.00 B) -$50,700.60 C) -$36,273.60 D) -$47,403.00 E) -$47,815.20
Q 89
If the spot rate of the Israeli shekel is 5.51 shekels per dollar and the 180-day forward rate is 5.68 shekels per dollar,then the forward rate for the Israeli shekel is selling at a(n)______________ to the spot rate. A) 3.12% premium B) 2.41% premium C) 3.21% discount D) 3.09% discount E) 3.15% discount
Q 90
Suppose one British pound can purchase 1.74 U.S.dollars today in the foreign exchange market,and currency forecasters predict that the U.S.dollar will depreciate by 12.00% against the pound over the next 30 days.How many dollars will a pound buy in 30 days? A) $2.1047 B) $2.2411 C) $1.6370 D) $1.9488 E) $2.2996
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