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How Many British Pounds Will The Investment Banking Firm Need To Make That Investment?

Math Problem Instructions:

MGE 2- International Financial Tools -2- Final Exam EXERCISE 1 (7 MARKS) This exercise is composed of three independent questions. You need to justify all your answers to Questions. Question 1. (1 point) Define what is a direct quotation. Illustrate your definition by using the example of the following exchange rate GBP/USD. Question 2. (5 points) Fill in the shaded cells. You need to justify all your answers by explaining your calculations below. Foreign Currency Quantity of USD per 1 Foreign Currency Quantity of Foreign Currency per 1 USD Amount Equivalent of USD 4000 USD (Amount) Equivalent of 6000 units of Foreign Currency JPY (Yen) 0,01173 70.39 USD EUR (Euro) 0.73981 GBP (Bristish Pound) 1,6056 9,633.91 USD CHF (Swiss Franc) 0.9686 3,874.46 CHF 6,194.40 USD CNY (Chinese Yuan) 26,463.76 CNY MGE 2- International Financial Tools -3- Final Exam Your calculations: MGE 2- International Financial Tools -4- Final Exam Question 3. (1 point) An investment banking firm in UK wants to buy 1,000,000 stocks of a Chinese listed company based in Shanghai. Each stock costs CNY 1,200. How many British pounds (GBP) will the investment banking firm need to make that investment?

Math Problem Sample Content Preview:

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May 12, 2020
The number of JPY per USD can be computed by dividing 1 by 0.01173. The result would then be 85.2515, which will be multiplied by 4000 to get the amount of JPY per 4,000 USD, which is 341,006 JPY. The quantity of USD for each EUR can be computed by dividing 1 by 0.73981. The result will give us 1.3517, which will then be multiplied by 6,000...
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