本次澳洲代写主要为金融相关的限时测试
FINC6013期末考试实践问题
问题1（讨论问题）：
A1。为什么相对购买力平价代表了两者之间较弱的关系
汇率和价格是否超过绝对购买力平价？ （2分）
A2。结果表明，美国的夏普比率高于其他七国集团国家的夏普比率。
为什么美国投资者应该关心在国际市场上的投资？ （2分）
B1。简要说明基本汇率预测。讨论其局限性（或弱点）。
（2分）
B2。跨境投资存在三个投资难题。简要说明以下内容之一
这三个投资难题，并根据实物期权分析提供解决方案。 （2分）
C1。信用证是为国际贸易筹集资金的关键文件。讨论优势
信用证的弊端。 （2分）
C2。如果一个国家希望被用作避税天堂，其理想特性是什么？
（2分）
问题2、3和4（问题解决问题）：
一种。
您从外汇交易商处收到以下报价：
澳元/美元1年远期汇率1.1140
英镑/美元即期汇率0.5220
AUD / GBP即期汇率2.1545
假设没有套利，一年期澳元/美元的远期保费/折扣是多少
机会？ （3分）
B．
假设您正在考虑从澳元借款开始的套利交易。你
遵守以下市场报价：
即期汇率（AUD / USD）1.35
一年美元利率3％p.a.
澳元1年年利率1.5％
1年后的未来实际汇率（AUD / USD）的范围是多少？
进行贸易有利可图？ （3分）
FINC6013 Final Exam Practice Questions
Question 1 (Discussion Questions):
A1. Why does relative purchasing power parity represent a weaker relationship between
exchange rates and prices than absolute purchasing power parity? (2 marks)
A2. It is shown that U.S. Sharpe ratio is higher than the Sharpe ratios for other G7 countries.
Why U.S. investors should care about investing in international markets? (2 marks)
B1. Explain briefly fundamental exchange rate forecasting. Discuss its limitation (or weakness).
(2 marks)
B2. There are three investment puzzles in cross-border investments. Explain briefly ONE of
the three investment puzzles and provide its resolution based on real option analysis. (2 marks)
C1. A letter of credit is a key document for financing international trade. Discuss advantages
and disadvantages of a letter of credit. (2 marks)
C2. What are the desired characteristics for a country if it expects to be used as a tax haven?
(2 marks)
Question 2, 3, and 4 (Problem Solving Questions):
A.
You receive the following quotes from a foreign exchange dealer:
AUD/USD 1-year forward rate 1.1140
GBP/USD spot rate 0.5220
AUD/GBP spot rate 2.1545
What is the 1-year forward premium/discount of AUD/USD, assuming no arbitrage
opportunity? (3 Marks)
B.
Suppose you are considering a carry trade that starts from borrowing in Australian dollars. You
observe the following quotes from the market:
Spot exchange rate (AUD/USD) 1.35
USD 1-year interest rate 3% p.a.
AUD 1-year interest rate 1.5% p.a.
What is the range of the future actual exchange rate (AUD/USD) in 1 year that will make your
carry trade profitable? (3 Marks)