Question
On your post-graduation celebratory trip, you decide to travel from Germany to Russia. You left Munich with 15,000 euros in your wallet. Wanting to exchange
On your post-graduation celebratory trip, you decide to travel from Germany to Russia. You left Munich with 15,000 euros in your wallet. Wanting to exchange all of these for Russian rubles, you obtain the following quotes:
Spot rate on the dollar/euro
$1.3214/
Spot rate on the ruble/dollar
Rbl 30.96/$
What is the Russian Ruble/euro cross rate? How many Rubles will you obtain for youreuros?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
