1. Suppose the exchange rate between the US dollar and the Swedish krona was 6.65 krona=$1, and the exchange rate between the dollar and the British pound was €1=$1.67. What would be the exchange rate between Swedish kronas and pounds?
2. Explain the actions the financial industry can take to reduce the impact of FINTECH disruptions affecting the financial industry.
3. You own a 6% semiannual coupon bond that paid the last coupon on March 31, The face value of the bond equals $1000. Exactly 28 days after this last payment, you decide to sell this bond. If the quoted price equals $990, which is the invoice price of this bond?