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Suppose an Egyptian pound is selling for $0.3432 and a Jordanian dinar is selling for $1.5003. What is the exchange rate (cross rate) of the
Suppose an Egyptian pound is selling for $0.3432 and a Jordanian dinar is selling for $1.5003. What is the exchange rate (cross rate) of the Egyptian pound to the Jordanian dinar? That is, how many Egyptian pounds are equal to a Jordanian dinar? (Do not round intermediate calculations. Round the final answer to 3 decimal places.) Exchange rate O A French investor buys 280 shares of Teck for $25,200 ($90 per share). Over the course of a year, Teck goes up by $8.65. a. If there is a 10 percent gain in the value of the dollar versus the euro, what will be the total percentage return to the French investor? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Total percentage return 0 % b. Now assume the stock increases by $10 but the dollar decreases by 10 percent versus the euro. What will be the total percentage return to the French investor? (Round the final answer to 2 decimal places.) Total percentage return 0 %
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