Question
Suppose the spot exchange rate for the U.S. dollar is CAD$1.00 and the six-month forward rate is CAD$1.02. a. Which is worth more, a U.S.
Suppose the spot exchange rate for the U.S. dollar is CAD$1.00 and the six-month forward rate is CAD$1.02.
a. Which is worth more, a U.S. dollar or a Canadian dollar?
multiple choice 1
-
U.S. dollar
-
Canadian dollar
b. Assuming absolute PPP holds, what is the cost in the United States of an Elkhead beer if the price in Canada is CAD$3.05? (Round the answer to 2 decimal places. Omit $ sign in your response.)
Cost in U.S dollar $
only solve part B
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AS9101D Auditing For Process Performance Combining Conformance And Effectiveness To Meet Customer Satisfaction
Authors: Chad Kymal
1st Edition
0873898079, 978-0873898072
