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Orbital Communications has operating plants in over 1 0 0 countries. It also keeps funds for transactions purposes in many foreign countries. Assume in 2
Orbital Communications has operating plants in over countries. It also keeps funds for transactions purposes in many foreign countries. Assume in it held kronas in Norway worth $ The funds drew percent interest, and the krona increased percent against the dollar.
What is the value of the holdings, based on US dollars, at yearend?
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