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Assume today you can exchange $100 for either Can$115 or Ps1,399. Also assume that last year, $100 was worth Can$109 or Ps1,410. Which one of
Assume today you can exchange $100 for either Can$115 or Ps1,399. Also assume that last year, $100 was worth Can$109 or Ps1,410. Which one of the following statements is correct given this information?
$100 invested in Canadian dollars last year would now be worth Ps1,326.01.
$100 invested in Mexican pesos last year would now be worth $102.03
$100 invested in Canadian dollars last year would now be worth $105.50.
$100 invested in Mexican pesos last year would now be worth $99.22.
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