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Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many forelgn countrles. Assume in 2 0 1 0 It
Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many forelgn countrles. Assume in It held reals in Brazll worth dollars. It drew percent Interest, but the Brazllan real declined percent agalnst the dollar.
a What is the value of Its holdings, based on US dollars, at yearend?
Note: Do not round Intermedlate calculations.
b What is the value of its holdings, based on US dollars, at yearend if Instead It drew percent interest and the real went up by percent against the dollar?
Note: Do not round Intermedlate calculatlons.
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