Question
Q1. A year ago, you observed that the Singapore dollar (SGD) was valued at 1.02 AUD while the Australian Dollar (AUD) was valued at 1.04
Q1. A year ago, you observed that the Singapore dollar (SGD) was valued at 1.02 AUD while the Australian Dollar (AUD) was valued at 1.04 NZD. Today, the SGD is valued at 1.04 AUD, and the AUD is worth 1.10 NZD. Determine the changed value of the SGD against the NZD (that is, SGD/NZD) as a percentage over the last year.
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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
