| d.|bond transactions.| ANS: A PTS: 1 8. If a U.S. firm desires to avoid the risk from exchange rate fluctuations, and it is receiving 100,000 in 90 days, it could: a.|obtain a 90-day forward purchase contract on euros.| b.|obtain a 90-day forward sale contract on euros.| c.|purchase euros 90 days from now at the spot rate.| d.|sell euros 90 days from now at the spot rate.| ANS: B PTS: 1 9. If a U.S. firm desires to avoid the risk from exchange rate fluctuations, and it will
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Lecture 2 Exchange rate quotations and arbitrage By Juan Yao BUSINESS SCHOOL The Exchange Rate and its Quotation › Every bilateral exchange rate treats one currency as the item or commodity/base which is being priced with the other priced, currency as the units in which its price is measured (“terms” or “quote”). › For the exchange rate quote AUD=USD 0.7205, the Australian dollar is the “commodity” currency and US dollar is y y the “terms” currency. › In theory, the choice of
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is determined by the presence of most of the following elements: Commitment from an External Sponsor: A written commitment from the sponsor, which follows receipt and acceptance of a proposal, may take various forms such as a grant agreement, contract, purchase order, or a letter of award, depending on the type of Sponsored Program and sponsor policy. Restricted Activities and Use of Funds: The use of external funds is restricted to the activities which are agreed upon the external sponsor and the
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Project Financing Asset-Based Financial Engineering Second Edition JOHN D. FINNERTY, Ph.D. John Wiley & Sons, Inc. Project Financing Founded in 1807, John Wiley & Sons is the oldest independent publishing company in the United States. With offices in North America, Europe, Australia, and Asia, Wiley is globally committed to developing and marketing print and electronic products and services for our customers’ professional and personal knowledge and understanding. The Wiley Finance
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Case of the Pro-Sales Agent Program Webster University Abstract Pro-Audio is a manufacturer of electronic sound processing equipment. Its leading product was an advanced digital reverb unit called PSX-360, which retails for about $12,000. It was sold primarily to major recording studios and professional musicians throughout the country though an exclusive network of approximately 50 leading professional audio retailers. Pro-Audio created the Pro-Sales Agent Program to stem the tide of discounting
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Commercial Transactions: Complete Notes: MacDougall: 2010/2011 Term 1 • These notes are a compilation of my class notes and the course package. I also used Atiyah Sale of Goods Act for clarification at times. • The spelling and grammar below is atrocious, but I couldn't be bothered to fix it. • Good luck! Hopefully some of this is helpful. I. Introduction • This is mostly a common law course, since the SGA merely codifies as closely as possible the existent common law
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Coca-Cola vs. Pepsi-Cola Introduction The soft drink industry has been a profitable one in spite of the “cola wars” between the two largest players. Several factors contribute to this profitability, and these factors also help to show why the profitability of the concentrate production side of the industry has been so much greater than the bottling side. Over the years the concentrate producers have experimented with different levels of vertical integration, and although it has not necessarily
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-1- Information Memorandum Ichitan Group Public Company Limited (ICHI) Head Office 2922/301-303, 28th Fl. Charn Issara II Bldg. New Pethchburi Rd., Bangkapi, Huaykwang, Bangkok 10310 Tel 0-2716-5555 Fax 0-2716-7000 Website www.ichitangroup.com Listing Date 21 April 2014 (First Trading Day: 21 April 2014) Listing Securities Number of common shares 1,300,000,000 shares, Par value per share of THB 1 Total value of THB 1,300 million, the number of new common shares offered to
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Topic: Electronic Contracts – Issues and Challenges Electronic Contracts – Issues and Challenges Introduction: Electronic contracts (e-contracts) are governed by the basic principles provided in the Indian Contract Act, 1872 applicable to regular contracts, which mandates that a valid contract should have been entered with a free consent and for a lawful consideration between two adults. Electronic contracts are not paper based but rather in electronic form and are born out of the need for speed
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Mistake Mistake exists where parties to a contract think that they have agreed when in actual fact they have not. For a party to be able to set a contract aside on the basis of mistake he has to establish the following. The mistake should be one of fact not law, the mistake must concern a material fact and it must be a reasonable mistake. The types of mistakes in the contract of law include unilateral mistake, mutual mistake and common mistake. Bilateral/common mistake This exists where both
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