ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Assume that you buy a 1-year, 210,000-peso Philippine bond that pays 7 percent when the exchange rate is 1 Canadian dollar for 40 pesos. If, after one year, the peso falls to 1 Canadian dollar equals 44 pesos, how much have you gained or lost in Canadian dollars? Round your answer to the nearest dollar amount. ************* (Click to select) $ (Click to select) loss gain
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Transcribed Image Text:Assume that you buy a 1-year, 210,000-peso Philippine bond that pays 7 percent when the exchange rate is 1 Canadian dollar for 40 pesos. If, after one year, the peso falls to 1 Canadian dollar equals 44 pesos, how much have you gained or lost in Canadian dollars? Round your answer to the nearest dollar amount. ************* (Click to select) $ (Click to select) loss gain
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