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Please explain and show calculations! BMW produces its cars in Germany and sells in the US. Originally, the price of a BMW car in Germany
Please explain and show calculations!
BMW produces its cars in Germany and sells in the US. Originally, the price of a BMW car in Germany is EURO 35,000, the price in the US is $35,000 and the exchange rate was $1.0/ EURO. There is a change in exchange rate to $1.1234/EURO. The BMW car price in Germany is still EURO 35,000 but it becomes $35,900 in the US. Please calculate the degree of exchange rate pass-throughStep by Step Solution
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