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CURRENCY APPRECIATION Suppose that 1 Danish krone could be purchased in the foreign exchange market today for $0.12. If the krone appreciated 7% tomorrow against

CURRENCY APPRECIATION

Suppose that 1 Danish krone could be purchased in the foreign exchange market today for $0.12. If the krone appreciated 7% tomorrow against the dollar, how many krones would a dollar buy tomorrow? Round your answer to two decimal places. Do not round intermediate calculations.

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