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a.
To discuss: The number of euros Person X can purchase for $100, and how many dollars can be bought from 100 euros.
a.
![Check Mark](/static/check-mark.png)
Explanation of Solution
Purchase of euros for $100:
Thus, €72.67 can be purchased for $100.
Purchase of dollars for €100:
Thus, $137.60 can be purchased for €100.
b.
To discuss: The number of country S franc’s Person X can purchase for $100, and how many dollars can be bought from 100 country S francs.
b.
![Check Mark](/static/check-mark.png)
Explanation of Solution
Purchase of country S francs for $100:
Thus, 88.80 country S francs can be purchased for $100.
Purchase of dollars for 100 country S francs:
Thus, $112.61 can be purchased for 100 country S francs.
c.
To discuss: The increase or decrease in the exchange rate of B pounds
c.
![Check Mark](/static/check-mark.png)
Explanation of Solution
If there is a
d.
To discuss: The choice of person X on the dollars of country U or country C.
d.
![Check Mark](/static/check-mark.png)
Explanation of Solution
One dollar of country U can purchase 1.095 country C dollars. Thus, one dollar of country U worth’s more than one dollar of country C.
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Chapter 22 Solutions
Fundamentals Of Corporate Finance, 9th Edition
- Essentials Of InvestmentsFinanceISBN:9781260013924Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.Publisher:Mcgraw-hill Education,
- Foundations Of FinanceFinanceISBN:9780134897264Author:KEOWN, Arthur J., Martin, John D., PETTY, J. WilliamPublisher:Pearson,Fundamentals of Financial Management (MindTap Cou...FinanceISBN:9781337395250Author:Eugene F. Brigham, Joel F. HoustonPublisher:Cengage LearningCorporate Finance (The Mcgraw-hill/Irwin Series i...FinanceISBN:9780077861759Author:Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan ProfessorPublisher:McGraw-Hill Education
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