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Igoryamba
3 years ago
13

g if 1 British pound can be exchanged for 180 cents of U.S. currency, what fraction should be used to compute the indirect quota

tion of the exchange rate expressed in British pounds?
Business
1 answer:
Mrrafil [7]3 years ago
7 0

Answer: 1/1.8

Explanation:

From the question, we are informed that 1 British pound can be exchanged for 180 cents of U.S. currency. To get the fraction that should be used to compute the indirect quotation of the exchange rate expressed in British pounds, we have to change the 180 cents to dollars first.

Since 100 cents = 1 dollar, 180 cents = 1.8 dollars. Therefore, fraction should be used to compute the indirect quotation of the exchange rate expressed in British pounds will be:

= 1/1.8

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Explanation:

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8 0
2 years ago
Which best describes a way people can use personal loans? to buy a house to buy a car to pay for college to pay for groceries.
Bas_tet [7]

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4 0
3 years ago
Read 3 more answers
Borrowed 152300 for three years if the qouted rate (apr) is 11.75% and the compounding is daily what is the effective annual rat
Vikki [24]

Answer:

The appropriate response is "12.47%".

Explanation:

The given values are:

Borrowed amount,

= 152300

APR,

= 11.75%

i.e.,

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Now,

The effective annual rate will be:

= (\frac{1+APR}{n} )^n

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= (\frac{1+0.1175}{365} )^{365}

= (\frac{1.1175}{365} )^{365}

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3 years ago
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3 years ago
Suppose a foreign investor who holds tax-exempt Eurobonds paying 10.50% is considering investing in an equivalent-risk domestic
algol13

Options:

a. 14.58%  

b. 12.83%  

c. 15.46%  

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e. 16.92%

Answer:

Correct option is A.

14.58%

Explanation:

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and Taxable-equivalent yield = tax-exempt yield / (1- marginal tax rate)

Hence Taxable-equivalent yield =.105/(1-.28)  

=.105/.72=.14583333

=14.58 %

4 0
3 years ago
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