Question

In each of the following​ cases, calculate the price of one share of the foreign stock measured in United States dollars​ (US$). a. A Belgian stock priced at euros ​(​) when the exchange rate is ​US$/ ​(i.e., each euro is worth ​$​). b. A Swiss stock priced at Swiss francs​ (Sf) when the exchange rate is ​US$/Sf. c. A Japanese stock priced at yen​ (¥) when the exchange rate is ​¥/US$.

Answer 1

Answer:

$114.24

$96.18

$12.23

Explanation:

Here is the complete question :

In each of the following​ cases, calculate the price of one share of the foreign stock measured in United States dollars​(US$).

a. A Belgian stock priced at 103.1 euros (euro) when the exchange rate is 0.9025 euro​/US$.

b. A Swiss stock priced at 93.1 Swiss francs​ (Sf) when the exchange rate is 0.968 Sf/US$.

c. A Japanese stock priced at 1,334 yen​ (¥) when the exchange rate is 109.1149 ¥/US$.

Exchange rate is the rate at which one currency is exchanged for another currency

In this question, US dollar is the base currency while the other currencies are the price currency

1. (103.1 / 0.9025) x 1usd = $114.24

2. (93.1 / 0.9680) x 1 usd = $96.18

c.( 1334/109.1149) x 1 usd = $12.23