A Canadian producer sells iron ore for US$56 per n1et1ic ton. What is the consequence for the
Question:
A Canadian producer sells iron ore for US$56 per n1et1ic ton. What is the consequence for the C$ revenue per metric ton if the exchange rate goes fron1 US$0. 7 452 per C$ to US$0. 7537 per C$?
Parts of Table 3.2 are provided below for convenient reference.
Table 3.2
Transcribed Image Text:
Per C$ Per US$ Per € Per Y Per £ Canadian dollar (C$) 1.3083 1.4446 0.01084 2.0203 U.S. dollar (US$) 0.7644 1.1042 0.008286 1.5442 Euro (€) 0.6922 0.9056 0.007504 1.3985 186.3745 Japaense yen (¥) British pound (£) 92.2509 120.6919 133.2657 0.4950 0.6476 0.7150 0.005366
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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