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Company keeps funds in other countries assume that in 2010

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Company keeps funds in other countries, Assume that in 2010 it held 290,000 reals in Brazil worth 220,000 thousand dollars it drew 10% intrest but brazilian real declined 20% against the dollar.a=What was the value of holdings based on us dollars at the end of the year?
b=What was the value of holdings based on US dollars at year end if instead it drew 7 % intrest and the real went up by 11% against the dollar?

 

Reference no: EM13580949

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