College Finance Level 1

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3. Megahurtz International Car Rentals has rent-a-car outlets throughout the world. It keeps funds for transaction purposes in many foreign currencies. Assume that in 2015 it held 320,000 reals in Brazil worth 250,000 dollars. It earned 13 percent interest, but the real declined 26 percent against the dollar. a. What is the value of its holdings, based on Canadian dollars, at year end? Value of the holdings b. What is the value of its holdings, based on Canadian dollars, at year end if it earned 10 percent and the real went up by 14 percent against the dollar? Value of the holdings