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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

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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 180,000 kronas in Norway worth $43,000. The funds drew 10 percent Interest, and the krona increased 5 percent against the dollar What is the value of the holdings, based on U.S. dollars, at year-end? Value of the holdings 49,665

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