Spot rate: Suppose a BMW 528i is priced at $68,750 in New York and 50,267 in Berlin.

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Spot rate: Suppose a BMW 528i is priced at $68,750 in New York and €50,267 in Berlin. In which city is the car more expensive if the spot rate is $1.2150/€?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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