Business, 14.11.2019 05:31, kingken3400
Sapling independent is a small bank located in hong kong. sapling independent is interested in increasing the number of mortgages it writes, but it is constrained by how many deposits it has. it has decided to borrow 12,000,000 euros from a large german bank for one year. the german bank is going to charge sapling independent an interest rate of 1.5% per year. the german bank insists on being repaid in euros. after sapling independent borrows the money, it is going to have to convert the money into hong kong dollars at an exchange rate of 9.0 hk dollars/euro. then, sapling independent is going to lend all the money at an interest rate of 6.0% per year. at the end of one year, all the money that sapling independent lent will be repaid, plus interest. finally, at the end of one year, sapling learning is going to have to repay its loan to the german bank in euros. at the end of the year, the exchange rate is 7.5 hk dollars/euro. what is sapling independent's profit from this series of transactions in hong kong dollars? give your answer to the nearest whole number.
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 21:00, JamierW2005
Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.
Answers: 3
Business, 22.06.2019 21:00, lathwkuster
Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.
Answers: 1
Business, 23.06.2019 01:50, maddie7417
You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?
Answers: 3
Do you know the correct answer?
Sapling independent is a small bank located in hong kong. sapling independent is interested in incre...
Questions in other subjects:
Mathematics, 27.09.2019 12:50
Mathematics, 27.09.2019 12:50
Mathematics, 27.09.2019 12:50
Mathematics, 27.09.2019 12:50
