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In each of the following? cases, calculate the price of one share of the foreign stock measured in United States dollars? (US$).
a. A Belgian stock priced at
101.6101.6
euros
?(euro?)
when the exchange rate is
0.84140.8414euro?/US$.
b. A Swiss stock priced at
92.192.1
Swiss francs? (Sf) when the exchange rate is
0.9620.962?Sf/US$.
c. A Japanese stock priced at
1 comma 3431,343
yen? () when the exchange rate is
107.1538107.1538?/US$.
a. The Belgian stock priced in U.S. dollars is
?$nothing.
? (Round to the nearest? cent.)b. The Swiss stock priced in U.S. dollars is
?$nothing.
?(Round to the nearest? cent.)c. The Japanese stock priced in U.S. dollars is
?$nothing.
?(Round to the nearest? cent.)
Answer & Explanation
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