Calculate the dollar rates of return on the following assets: a. A painting whose price rises from
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Calculate the dollar rates of return on the following assets:
a. A painting whose price rises from $200,000 to $250,000 in a year.
b. A bottle of a rare Burgundy, Domaine de la Romane-Conti 1978, whose price rises from $225 to $275 between 2010 and 2011.
c. A 10,000 deposit in a London bank in a year when the interest rate on pounds is 10 percent and the $/ exchange rate moves from $1.50 per pound to $1.38 per pound.
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Related Book For
International Economics Theory & Policy
ISBN: 9780138002121
8th Edition
Authors: Paul R Krugman, Maurice Obstfeld
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