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Today, a Van Gogh painting is worth $120 million or about 85 million British pound. Since 1990, the US dollar has been appreciating by 25%
Today, a Van Gogh painting is worth $120 million or about 85 million British pound. Since 1990, the US dollar has been appreciating by 25% against the British pound (You need to depreciate US dollar by 25% to go back to the 1990 exchange rate). If the Van Gogh painting was worth 85 million British pound in 1990, how much was the same Van Gogh painting worth in the US Dollar back in 1990?
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In 1990 the value of the Van Gogh painting in British pound was 85 million ...
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Business Law Text and Cases
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
11th Edition
324655223, 978-0324655223
