You visited Switzerland over summer and brought back 9,671.93 swiss francs to the United States. How many U.S. dollars will you get if you exchange your swiss francs for U.S. dollars? The exchange rate is 1 U.S dollar = 1.1293 swiss francs.
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.
The U.S. dollars that we will get if we exchange swiss francs for U.S. dollars is computed as shown below:
= 9,671.93 swiss francs / 1.1293 swiss francs
= 8,564.54 Approximately
Feel free to ask in case of any query relating to this question
You visited Switzerland over summer and brought back 9,671.93 swiss francs to the United States. How...
You visited Switzerland over summer and brought back 130.86 swiss francs to the United States. How many U.S. dollars will you get, if you exchange your swiss francs for U.S. dollars? The exchange rate is 1 U.S dollar = 0.867 swiss francs. Hint: You are converting swiss franc into USD. Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35...
The exchange rate is 1.011 Swiss francs per U.S. dollar. How many U.S. dollars are needed to purchase 4,179 Swiss francs? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.
1 U.S dollar equals 0.8514 Swiss francs. 8,765 U.S dollars are equal to how many swiss francs? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.
Suppose the exchange rate between U.S. dollars and Swiss francs is SF 1.3406 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 1.153 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)? Enter your answer rounded off to FOUR decimal points.
Suppose the exchange rate between U.S. dollars and Swiss francs is SF 0.9704 = $1.00, and the exchange rate between the U.S. dollar and the euro is $1.00 = 0.9938 euros. What is the cross-rate of Swiss francs to euros (SF/Euro)? Enter your answer rounded off to FOUR decimal points.
A U.S.-based importer, Zarb Inc., makes a purchase of crystal glassware from a firm in Switzerland for 39,960 Swiss francs, or $24,000, at the spot rate of 1.665 francs per dollar. The terms of the purchase are net 90 days, and the U.S. firm wants to cover this trade payable with a forward market hedge to eliminate its exchange rate risk. Suppose the firm completes a forward hedge at the 90-day forward rate of 1.682 francs. If the spot rate...
Sandrine Machinery is a Swiss multinational manufacturing company. Currently, Sandrine's financial planners are considering undertaking a 1-year project in the United States. The project's expected dollar-denominated cash flows consist of an initial investment of $2000 and a cash inflow the following year of $2400. Sandrine estimates that its risk-adjusted cost of capital is 13%. Currently, 1 U.S. dollar will buy 0.71 Swiss franc. In addition, 1-year risk-free securities in the United States are yielding 7.75%, while similar securities in Switzerland...
Sandrine Machinery is a Swiss multinational manufacturing company. Currently, Sandrine's financial planners are considering undertaking a 1-year project in the United States. The project's expected dollar-denominated cash flows consist of an initial investment of $2000 and a cash inflow the following year of $2400. Sandrine estimates that its risk-adjusted cost of capital is 13%. Currently, 1 U.S. dollar will buy 0.83 Swiss franc. In addition, 1-year risk-free securities in the United States are yielding 6%, while similar securities in Switzerland...
You are evaluating a proposed expansion of an existing subsidiary located in Switzerland. The cost of the expansion would be SF21 million. The cash flows from the project would be SF5.5 million per year for the next five years. The dollar required return is 12 percent per year, and the current exchange rate is SF1.07. The going rate on Eurodollars is 6 percent per year. It is 3 percent per year on Swiss francs. a. Convert the projected franc flows...
You are evaluating a proposed expansion of an existing subsidiary located in Switzerland. The cost of the expansion would be SF 21 million. The cash flows from the project would be SF 5.9 million per year for the next five years. The dollar required return is 14 percent per year, and the current exchange rate is SF 1.11. The going rate on Eurodollars is 4 percent per year. It is 2 percent per year on Euroswiss. Use the approximate form...