On June 22, 2016, the day before the brexit vote, the British pound was worth $1.467. Two

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On June 22, 2016, the day before the brexit vote, the British pound was worth $1.467. Two weeks later, on the July 7, the British pound was worth $1.292.

a. By what percentage has the pound appreciated or depreciated against the dollar during this two-week period?

b. By what percentage has the dollar appreciated or depreciated against the pound during this period?


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Multinational Financial Management

ISBN: 9781119559900

11th Edition

Authors: Alan C Shapiro, Paul Hanouna

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