Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. one of the world's largest airlines, japan airline

One of the world's largest airlines, Japan Airlines (JAL), is also one of the best...

50.1K

Verified Solution

Question

Finance

One of the world's largest airlines, Japan Airlines (JAL), is also one of the best customers of Boeing. When purchasing Boeing aircraft, JAL must change its yen into dollars to pay Boeing.

In 1990, JAL entered into 10 years contract with its bank to purchase dollars at 185 /$. If the rate was 122 /$ by the end of the 10-year term, JAL would be paying ______ percent more than it needed to for each Boeing aircraft bought with dollars purchased via the forward exchange contract.

A) 51.64

B) 75.38

C) 49.32

D) 67.32

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

A hotel wanted to develop a new system for delivering room service breakfasts. In the current...

Chemistry
1.2K views

Why was Cu prepared from a pure metal? Why was Ca prepared from a salt? Why...

Physics
1.2K views

A point source S is placed at a distance of 15 cm from a converging...

Physics
1.2K views

Q 1 A positive point charge of Q coulomb is placed at the Centre of...

Physics
1.2K views

A positively charged pendulum is oscillating in a uniform electric field as MAMAMA shown in...

Physics
1.2K views

Conservation of Energy What does this law state If I start with 1000 J of...

Basic Math
1.2K views

Given the recursive formula shown, what are the first 4 terms of the sequence?f(n) =...

Basic Math
1.2K views

Furnace repair bills are normally distributed with a mean of 269 dollars and a standard...

Calculus
1.2K views

Part 6 of 6 11 x 88 c Bas e 88

Calculus
1.2K views

A spring on a horizontal surface can be stretched and held 0 5 m from...

Accounting
1.2K views

Required Information [The following information applies to the questions displayed below.] The...

Accounting
1.2K views

Kool's Stores made cash sales during the month of May of $79,400. The sales are...