Homework Answers
Spot Rate = ($/Krona) = 57,000/320,000
= 0.178125 $
Year End Rate = 0.178125(1+0.05) _ _ _ _ Krona appreciated by 5 %
= 0.18703 $
Deposit in Krona after 1 year= 320,000 (1+0.12) _ _ _ _ Deposit increased by 12%
= 358,400 Krona
1 Krona = 0.18703 $
358400 Krona = 358,400 * .18703 $
358400 Krona = 67031.552 $
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Orbital Communications has operating plants in over 100 countries. It also keeps funds for transactions purposes...
Problem 7-3 International cash management [LO7-2] Orbital Communications has operating plants in over 100 countries. It...
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