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Author Question: IMXP Corp. enters into a 30-day forward exchange contract to buy 113,540,000 yen for 100,000. Which ... (Read 54 times)

Shelles

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on: Jul 10, 2018
IMXP Corp. enters into a 30-day forward exchange contract to buy 113,540,000 yen for 100,000.
  Which of the following statements is true concerning this transaction?
 
  A) IMXP will receive 113,540,000 yen today and pay 100,000 30 days from now.
  B) The spot exchange rate in 30 days will be 113.54 yen per dollar.
  C) IMXP will pay 100,000 today and receive 113,540,000 yen 30 days from now.
  D) IMXP will pay 100,000 and receive 113,540,000 yen 30 days from now.

Question 2

Marketable securities are only those security investments the firm can convert into cash balances
  within one year.
 
  Indicate whether the statement is true or false


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atrochim

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Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


Shelles

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Reply 2 on: Jul 10, 2018
YES! Correct, THANKS for helping me on my review

tkempin

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Reply 3 on: Yesterday
Excellent

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