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Quantitative Problem 1: Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.18. If the krona appreciated 10% tomorrow
Quantitative Problem 1: Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.18. If the krona appreciated 10\% tomorrow against the dollar, how many kronas would a dollar buy tomorrow? Do not round intermediate calculations. Round your answer to two decimal places. kronas Quantitative Problem 2: Suppose the exchange rate between the U.S. dollar and the South African rand was 9 rand = $1 and the exchange rate betwen the U.S. dollar and the Israeli shekel was 1 shekel =$0.8. What was the exchange rate between the intermediate calculations. Round your answer to two decimal places. rands per shekel
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