Question
Orbital Communications has operating plants in over 100 countries. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held
Orbital Communications has operating plants in over 100 countries. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 280,000 kronas in Norway worth $53,000. The funds drew 12 percent interest, and the krona decreased 5 percent against the dollar.
| What is the value of the holdings, based on U.S. dollars, at year-end? |
| Value of the holdings | $ |
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Applied Conic Finance
Authors: Dilip Madan, Wim Schoutens
1st Edition
1107151694, 978-1107151697
