【中山大学431金融 罗斯 公司理财】Ch031.pdfVIP

Chapter 31: International Corporate Finance 31.1 a. In direct terms, $1.6317 / Pound In European terms, DM1.8110 / $ b. The Japanese yen is selling at a premium to the U.S. dollar in the forward markets. Today, at the spot rate, U.S.$ 1 buys ¥143, while at the 90-day future rate, U.S.$ 1 buys only ¥142.01. Clearly, Yen are getting more expensive in dollar terms. This is even easier to see in direct terms: At the spot rate, the yen cost just under 6 c