On your summer study abroad program in Europe you stay an extra two weeks to travel from

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On your summer study abroad program in Europe you stay an extra two weeks to travel from Paris to Moscow.  You leave Paris with 2,000 euros (EUR) in your belt pack. Wanting to exchange all of these for Russian rubles (RUB), you obtain the following quotes:Spot rate: EUR1.1280 - USD1.00 Spot rate: RUB62.40=USD1.00 Assumptions Beginning your trip with euros (EUR)


a.  What is the Russian ruble to euro cross rate?

b.  How many rubles will you obtain for your euros?

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Multinational Business Finance

ISBN: 9780137496013

16th Edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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