Given the information: Interest rate in US (Rh): Interest rate in Canada (Rh): Line of credit in US Line of credit in Canada 12,500,000 The spot rate for CAD (SO): 1-year forward rate for CAD (FR): 7% 5% USD 10,000,000 CAD $0.80 $0.812 What is your covered rate of return from US (Rch)? 6.575% . What is your covered rate of return from Canada (Rcf)? 5.419% If you wanted to set up a covered interest rate arbitrage, you should borrow in and invest in CAD; USD O Based on your recommended investment strategy your covered interest arbitrage profit should be: CAD 52,340 12,500,000 x 1.05 = CAD 13,125,000 10,000,000 x 1.07 = USD 10,700,000 USD 10,700,000 / 0.812 = CAD 13,177,340 13,177,340 - 13,125,000 = 52,340.

The following information is available for juno company for the month ending june 30, 2019. * balance as per the bank statement is $ 11 comma 000. * balance as per books is $ 10 comma 400. * check #506 for $ 1 comma 200 and check #510 for $ 900 were not shown on the june 30, bank statement. * a deposit in transit of $ 3 comma 346 had not been received by the bank when the bank statement was generated. * a bank debit memo indicated an nsf check for $ 70 written by jane smith to juno company on june 13. * a bank credit memo indicated a note collected by the bank of $ 1 comma 900 and interest revenue of $ 51 on june 20. * the bank statement indicated service charges of $ 35. what is the adjusted book balance?

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer