Megahurtz International Car Rentals has rent - a - car outlets throughout the world. It keeps funds
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Question:
Megahurtz International Car Rentals has rentacar outlets throughout the world. It keeps funds for transaction purposes in many foreign currencies. Assume that in XX it held reals in Brazil worth $ It earned percent interest, but the real declined percent against the dollar.
a What is the value of its holdings, based on Canadian dollars, at yearend? Do not round intermediate calculations.
Value of the holdings
$
b What is the value of its holdings, based on Canadian dollars, at yearend if it earned percent and the real went up by percent against the dollar? Do not round intermediate calculations.
Value of the holdings
$
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