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quesiton 5 Question 4 2.86 pts Suppose Bronze Star Investment, Inc., a Cincinnati-based investment firm, invested $20,000 to buy 1,500 shares of Manx Corp., a
quesiton 5
Question 4 2.86 pts Suppose Bronze Star Investment, Inc., a Cincinnati-based investment firm, invested $20,000 to buy 1,500 shares of Manx Corp., a United Kingdom-based auto parts firm, at 8.88 a share at the exchange rate of $1.50 / 1 one year ago. If Manx Corp's shares appreciated (i.e. increased) by 21% after Bronze Star's purchase, what would be the total value of the 1,500 Manx Corp. shares purchased by Bronze Star one year ago right now in British pounds? 13,333.33 24,200.00 15,000.00 16,133.33 D Question 5 2.86 pts Same facts as above: what would be the total value of the 1,500 Manx Corp. shares purchased by Bronze Star one year ago right now in U.S. dollars if the exchange rate between USD and GBP has remained the same at $1.50/ 1? $13,333.33 $24,200.00 $20,000.00 $16,133.33Step by Step Solution
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