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please show your work. Megahurtz International Car Rentals has rent-a-car outlets throughout the world. It keeps funds for transaction purposes in many foreign currencies. Assume
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Megahurtz International Car Rentals has rent-a-car outlets throughout the world. It keeps funds for transaction purposes in many foreign currencies. Assume that in 2015 it held 270,000 reals in Brazil worth 200,000 dollars. It earned 15 percent interest, but the real declined 30 percent against the dollar. a. What is the value of its holdings, based on Canadian dollars, at year end? Value of the holding:s b. What is the value of its holdings, based on Canadian dollars, at year end if it earned 12 percent and the real went up by 16 percent against the dollar? Value of the holdingsStep by Step Solution
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