Quantitative problem 1 suppose that 1 swedish krona could, Ask an Expert

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Quantitative Problem 1: Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.49. If the krona appreciated 10% tomorrow against the dollar, how many kronas would a dollar buy tomorrow? Round your answer to 2 decimal places. Do not round intermediate calculations.

Quantitative Problem 2: Suppose the exchange rate between the U.S. dollar and the South African rand was 11 rand = $1 and the exchange rate between the U.S. dollar and the Israeli shekel was 1 shekel = $0.4. What was the exchange rate between the South African rand and the Israeli shekel? Round your answer to 2 decimal places. Do not round intermediate calculations.

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Financial Management, Finance

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