国际公司财务管理作业Chapter3-TestBank.pdfVIP

Chapter 3—International Financial Markets 1. Assume that a banks bid rate on Swiss francs is $.45 and its ask rate is $.47. Its bid-ask percentage spread is: a. about 4.44%. b. about 4.26%. c. about 4.03%. d. about 4.17%. ANS: B SOLUTION: Bid-ask percentage spread = ($.47 −$.45)/$.47 = 4.26% PTS: 1 2. Assume that a banks bid rate on Japanese yen is $.0041 and its ask rate is $.0043. Its bid-ask percentage spread is: a. about 4.99%. b. about 4.88%.