Quantitative Problem 1: Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.13. If the krona appreciated 4% 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 15 rand = $1 and the exchange rate between the U.S. dollar and the Israeli shekel was 1 shekel = $0.75. What was the exchange rate between the South African rand and the Israeli shekel? Do not round intermediate calculations. Round your answer to two decimal places.

rands per shekel