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3. Foreign Exchange. You just came back from Canada, where the Canadian dollar was worth $.70 You still have C$200 from your trip and could exchange them for dollars at the airport, but the airport foreign exchange desk will only buy them for $.60. Next week, you will be going to Mexico and will need pesos. The airport foreign exchange desk will sell you pesos for $.10 per peso. You met a tourist at the airport who is from Mexico and is on his way to Canada. He is willing to buy your C$200 for 1,300 pesos. Should you accept the offer or cash the Canadian dollars in at the airport? Explain
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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum ー E ゴWrap Text aCopy в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 C Paste Conditional Format CeInsert Delete Format Formatting as Table Styles2 Clear Sort &Find & Format Painter Clipboard Alignment Number Cells Edting LM41 LM LN LO LP LQ LR LS LT LU LV LW LX LY LZ 31 C$200 YOU HAVE CONVERTED IN TO $, YOU WILL HAVE 200 X 0.6 = $120 $ 0.1 PER PESO WILL BE GIVEN BY AIRPORT 32 34 35 36 37 38 39 40 41 42 43 120/0.1 = 1200 PESO TOURIST OFFERS 1300 PESO TOURIST OFFER SHOULD BE ACCEPTED 45 46 47 SING PV, FV, ANNUITYDIR stru WACCRESI ex d 福 130% 4 H KE CAPM UTILITY, SH beta bond c future INDEX | INTL CAP BUD cleanYIELD bond erences: 130

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