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Mrs. Moore owns 100 shares of stock in Daimler-Benz valued at €31.50 Euros per share. What is the value in $U.S. of her stock if the current exchange rate is $1.00 = €0.77175? 2b. What is the value of Mrs. Moore's stock in USD (dollars) if the exchange rate is €1.00 = $1.29580? 2c. What was the value of Mrs. Moore's stock in USD (dollars) when she purchased the stock for €27.95 in April 2003? At the time, €1.00 = $1.07330 2d. The stock pays no dividend. If Mrs. Moore sells the stock, what will have been her return in percent? You have the information about the cost and proceeds of the sale above. 3.Lisa Murphy sees a painting for auction in Japan that is expected to sell for ¥3,000,000. How much money in dollars will that be at the exchange rate on April 6, 2014? I have the answers to the problems but I need the "show work" breakdown of how I arrived at the answer.

Microeconomics, Economics

  • Category:- Microeconomics
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