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The exchange rate between the Australian dollar and the euro, expressed in direct quotation from an Australian perspective, fall from 1.6389 to 1.6020. Calculate: (a)
The exchange rate between the Australian dollar and the euro, expressed in direct quotation from an Australian perspective, fall from 1.6389 to 1.6020.
(a) The appreciation or depreciation of the euro in percentage
b)The appreciation or depreciation of the Australian dollar in percentage
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
