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How many kronas would a dollar buy tomorrow

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Reference no: EM132594622

Quantitative Problem 1:

Suppose that 1 Swedish krona could be purchased in the foreign exchange market today for $0.10. If the krona appreciated 5% tomorrow against the dollar, how many kronas would a dollar buy tomorrow? Do not round intermediate calculations. Round your answer to two decimal places.

Reference no: EM132594622

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