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  3. 2. susan wants to go to japan for a vacation durin

2. Susan wants to go to Japan for a vacation during over Spring Break. She...

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Finance

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2. Susan wants to go to Japan for a vacation during over Spring Break. She wants to spend $2,500 and have a great time. Assume that when Susan goes to her bank, Citibank quotes Susan two rates on Japanese yen: $0.0041/Yen and $0.0043/Yen. How much is the bank spread Susan has to pay to buy Japanese yen? 3. The cash manager at AmFlex Company needs to buy 1,000,000 British pounds to pay a British supplier. A currency broker quotes him a bid-ask rate of 0.4865 - 0.5116/US$. What will be the dollar cost of the 1,000,000 pounds

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