Assignment:
Suppose Dow Chemical receives quotes of $0.009369–71 for the yen and $0.03675–6 for the Taiwan dollar (NT$).
a. How many U.S. dollars will Dow Chemical receive from the sale of ¥50 million?
b. What is the U.S. dollar cost to Dow Chemical of buying ¥1 billion?
c. How many NT$ will Dow Chemical receive for US$500, 000?
d. How many yen will Dow Chemical receive for NT$200 million?
e. What is the yen cost to Dow Chemical of buying NT$80 million?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.