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You Are an Australian Investor Who Is Trying to Calculate

question 59

Multiple Choice

You are an Australian investor who is trying to calculate the present value (PV) of £15 million cash inflow that will occur one year from now. The spot exchange rate is $1.5742/£ and the forward rate is F₁ = $1.5682/£. The appropriate dollar discount rate for this cash flow is 1.05% and the appropriate £ discount rate is 1.45%. What is the present value of the dollar cash inflow computed by first converting the £ into dollars and then discounting the dollars?

Understand the concept of equivalent fractions.

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Recognize the legal doctrines related to the sale of goods, including the perfect tender rule, the principle of good faith, and commercial reasonableness.

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Surgery

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