Question
Mikhail Khodorkovsky's Dilemma. Mikhail Khodorkovsky was one of the infamous Russian oligarchs, accumulating billions of dollars in wealth in the mid-1990s with the fall of
Mikhail Khodorkovsky's Dilemma. Mikhail Khodorkovsky was one of the infamous Russian oligarchs, accumulating billions of dollars in wealth in the mid-1990s with the fall of the Soviet Union. But in 2003 he had been imprisoned by the Russian state for a decade. Upon his release from prison in 2013 he had taken up residence inSwitzerlandlong dashwithhis money.In November 2014, Mikhail held a portfolio of USD 201million and CHF153 million in Swiss banks, in addition to accounts in Russia still holding RUB 1.5billion. Using the exchange rate table
, answer thefollowing:
a. What is the value of Mikhail's portfolio measured in Russian rubles?
b. What is the value of Mikhail's portfolio measured in Swiss francs?
c. What is the value of Mikhail's portfolio measured in U.S. dollars?
d. Which currency demonstrated the greatest fluctuations in total value over the six dates?
a. What is the value of Mikhail's portfolio measured in Russian rubles? Calculate the portfolio value as measured in rubles. (Round to the nearest ruble.) Portfolio value as measured in rubles November 7, 2013 November 7, 2014 December 4, 2014 Russian ruble account balance Swiss franc account balance U.S. dollar account balance Total
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