Question
The current exchange rate of the Thai Bhat (THB) relative to the U.S. dollar is THB23.513/USD. Your advisor argues that the Thai Bhat will lose
The current exchange rate of the Thai Bhat (THB) relative to the U.S. dollar is THB23.513/USD. Your advisor argues that the Thai Bhat will lose 10.87% of its value relative to the dollar over the next year. What is your advisors forecast of the THB price of the USD in 1 years time?
a.
THB26.381/USD
b.
THB20.957/USD
c.
THB26.069/USD
d.
THB23.622/USD
e.
None of the options in this question
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
