REading 40 Question 14 page 275

Answer to the question page A-19 "needs to issue bonds totalling 64,350.064 Shouldn’t it be 86,655,112 ??


64,350,064 is right the guy needs 100 million Swiss Francs, but can issue euro-denominated bonds, so you just calculate the notional amoun in euros that he needs 1.554 CHF/EUR is the current spot rate CHF100,000,000 / 1.554 = EUR64,350,064

Bolshoe spasibo!! I am totally loosing it… I have to learn how to use calculatator or better get my head together or buy glasses I was doing CHF100,000,000 / 1.154 —IDIOT

ne za chto

shiet, too many russians here