Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. adam has $ 800. how much money will he have invest

Adam has $ 800. How much money will he have investing his dollars abroad risk...

80.2K

Verified Solution

Question

Accounting

Adam has $ 800. How much money will he have investing his dollars abroad risk free for 3 months, if the spot rate for the Euro is $ 1.29 / Euro, the forward rate is $ 1.28 / Euro and the risk free rate in Euope is 4%? Provide your answer rounded to the nearest integer.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1) When learning about blood vessels and circulation it is also important to understand blood pressure....

Medical Sciences
Q

Find the equation of the tangent line to the curve (a lemniscate) 2 (z +...

Basic Math
Q

Help Exercise 16-12 Determining the payback period LO 16-4 Adams Airline...

Accounting
Q

Marigold Ltd. owned several manufacturing facilities. On September 15 of the current year,...

Accounting
Q

Under a system of Fractional Reserve Banking, deposit taking institutions such as banks are allowed...

Accounting
Q

Wayne (49) takes a $9,000 distribution from his traditional IRA to pay some of his...

Accounting
Q

Scroll down to complete all parts of this task. In Year 1, Virginia Day purchased...

Accounting
Q

please help me understand this. this is a practice homework for an upcoming test. but...

Accounting
Q

The following data relate to the operations of Shilow Company, a wholesale distributor of consumer...

Accounting
Q

Cancellation of Convertible Bonds before the end Assume that the same $1,000,000 bond from Empresas...

Accounting
Q

Maggie Corp. has a selling price of $20 per unit, variable costs of $10 per...

Accounting
Q

Determine whether the different ethical standards/accounting principles yield converging or diverging judgments about what ought...

Accounting