Good day, How should I resolve this question, please? Your friend from Australia purchased a computer for C$3,900 while visiting you for the holidays, when the exchange rate was C$1 = A$1.0227. If the exchange rate changed to C$1 = A$1.0426, what was the change in value of the computer in Australian dollars?

Good day, How should I resolve this question, please? Your friend from Australia purchased a computer for C$3,900 while visiting you for the holidays, when the exchange rate was C$1 = A$1.0227. If the exchange rate changed to C$1 = A$1.0426, what was the change in value of the computer in Australian dollars?

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter3: International Financial Markets

Section: Chapter Questions

Problem 3IEE

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