emma042902
21.02.2020 •
Business
An investor starts with €1 million and converts it to £694,500, which is then invested for one year. In a year the investor has £736,170, which she then converts back to euros at an exchange rate of 0.68 pounds per euro. The annual euro rate of return earned was .
Solved
Show answers
More tips
- C Computers and Internet Dynamically Assigned IP Address: What Is It and How Does It Work?...
- H Health and Medicine Angina: Causes, Symptoms, and Treatment...
- C Computers and Internet How to Learn to Type Fast?...
- F Food and Cooking Delight for Gourmets: How to Prepare Liver Pate...
- S Style and Beauty How to braid friendship bracelets?...
- H Health and Medicine Mercury Thermometer Danger: What to do when a thermometer breaks?...
- F Food and Cooking Which Calamari Salad is the Most Delicious?...
- S Society and Politics 10 Tips for Boosting Your Self-Esteem...
- F Food and Cooking The Most Delicious and Simple Fish in Batter Recipe...
- H Health and Medicine What is Autism? Understanding the Basics of This Neurodevelopmental Disorder...
Answers on questions: Business
- M Mathematics When r= 1 , h=2.4 find r in terms of h...
- E English Which of these is not a benefit of parallel structure? btw, a) and c) are wrong. x a) clarity b) classification x c) emphasis d) balance...
- M Mathematics Please help fast!! Look at the graph shown below: A coordinate plane is shown. Which equation best represents the line? y = 1 over 3. x − 1 y = 3x − 1 y = −x + 1 over 3. y = 3x +...
- H Health Y courses / Seminars on Science / WGU / WGU_GGG_Nursing / General / tics, Genomics, Genethics for Nursing 1 What is the heritability estimate for addiction to alcohol in both males...
Ответ:
8.26% per annum
Explanation:
Amount received in euros upon conversion at 1 year forward rate:
= 736170 pounds/0.68 pound = 10,82,603 euros
Amount of money invested at the beginning = 10,00,000 euros
Return earned over a period of 1 year = 1082603 - 10,00,000 euros
= 82,603 euros
Returned earned = 82603/1000000 × 100 = 8.26 % per annum
Forwards rate is referred to as the exchange rate between two currencies at a future date.
Spot rate refers to the exchange rate prevailing between two currencies as on today.
Ответ:
thanks alot