Business, 23.12.2020 19:50 Geo777

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 2.5% 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 7.0% 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

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 14:30

If tracking employees through technology is not illegal, why should megan be concerned if she is not involved in any misconduct?

Answers: 1

Answer

Business, 22.06.2019 20:00

In myanmar, six laborers, each making the equivalent of $ 2.50 per day, can produce 40 units per day. in china, ten laborers, each making the equivalent of $ 2.25 per day, can produce 48 units. in billings comma montana, two laborers, each making $ 60.00 per day, can make 102 units. based on labor cost per unit only, the most economical location to produce the item is china , with a labor cost per unit of $ . 05. (enter your response rounded to two decimal places.)

Answers: 3

Answer

Business, 22.06.2019 21:50

Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing

Answers: 2

Answer

Business, 22.06.2019 23:40

Elite coffee and bakery, a café that offers a relaxing environment to enjoy quality coffees, teas, soups, and other menu items, has a poster in the front of its restaurants that reads, "we will always provide a quality product to our customers better meet the challenges of their day and always take the time to offer caring service one person at a time." this statement is elite's

Answers: 2

Answer

You know the right answer?

Sapling Independent is a small bank located in Hong Kong. Sapling Independent is interested in incre...

Questions