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Currency appreciation Suppose that 1 Danish krone could be purchased in the foreign exchange market today for $0.09. If the krone appreciated 12% tomorrow against

Currency appreciation

Suppose that 1 Danish krone could be purchased in the foreign exchange market today for $0.09. If the krone appreciated 12% tomorrow against the dollar, how many krones would a dollar buy tomorrow? Round your answer to two decimal places.

krones

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