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Exercise 1 Solution

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51 views1 page

Exercise 1 Solution

Uploaded by

tuongvi nguyen
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Exercise 1: US corporation receive dividend from France Subsidiary Company.

They decide to
invest this money to another company in Swiss. Whether they buy SFr, as follow information:
Citibank: $0.9050-0.9071/SFr
$1.4341-1.4372/€
Eurobank €0.6777-97/$
€0.6218-58/SFr
UBS SFr1.1024-53/$
SFr1.6010-40/€

OBJECTIVE: BUY SFR BY € AT THE LOWEST PRICE. WE COMPARE THE PRICE OF SFR (BY EURO)
AT:
Citibank: BUY 1 SFR NEED $0.9071; SELL 1€ HAVE $1.4341 €0.6325/SFr
Eurobank €0.6258/SFr
UBS 1/1.6010 = €0.6246/SFr

CHOOSE UBS €0.6246/SFr

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