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Amanda [17]
2 years ago
14

Calculate the dollar rate of return on a 10 comma 00010,000 pound sterling deposit in a London bank in a year when the interest

rate on pounds is 77 percent and the​ dollar/pound exchange rate moves from ​$1.231.23 per pound to ​$1.421.42 per pound.
Business
1 answer:
lyudmila [28]2 years ago
8 0

Answer: 92.7%

Explanation:

Due to the depreciation of the Dollar against the Pound, the foreign denominated deposit will have an even higher return.

Let's calculate that return.

= New Exchange rate - Former exchange rate / Former exchange rate

= 1.42142 - 1.23123 / 1.23123

= 0.15447

= 15. 4%

There is a gain of 15.4%.

In order to get the total dollar rate of return we add this just calculated return to the interest rate on pound which is 77%.

= 77 + 15.4

= 92.7%

In dollars then the return is 92.7%.

If you need any clarification please feel free to comment or react. This will help other users as well. Thank you.

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Answer:

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Explanation:

A consumer co-operative is a type of retail business owned by an association of consumers. The consumers who form the venture manage it and share in its profits. The main objective of starting a consumer co-operative is to eliminate intermediaries.

A consumer co-operative has the benefit of economies of scale as it purchases in bulk. It can afford to offer its members more competitive prices. Members of the co-operative share profits in the ratio of capital contribution. Their liability is limited to share contribution. Membership is voluntary, and they usually transact on a cash basis.

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Which of the following is NOT one of the mentioned ways high school differs from higher learning?
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Hey there!

<span>Which of the following is NOT one of the mentioned ways high school differs from higher learning?

Answer: </span>
<span>Amount of support and guidance

Hope this helps
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Explanation:

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2 years ago
Mr. And mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottl
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<h3>Why this option is the cheapest</h3>

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Read more on the economy here: brainly.com/question/1106682

5 0
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Answer:

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adjusting entry:

December 31, 202x

Dr Bad debt expense 3,224

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