Megahurtz International Car Rentals has rent-a-car outlets throughout the world. It keeps funds for transaction purposes in

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Megahurtz International Car Rentals has rent-a-car outlets throughout the world. It keeps funds for transaction purposes in many foreign currencies. Assume that in 20XX it held 340,000 reals in Brazil worth $270,000. It earned 15 percent interest, but the real declined 30 percent against the dollar.

a. What is the value of its holdings, based on Canadian dollars, at year-end? (Do not round intermediate calculations.)

Value of the holdings$

b. What is the value of its holdings, based on Canadian dollars, at year-end if it earned 12 percent and the real went up by 16 percent against the dollar? (Do not round intermediate calculations.)

Value of the holdings$

Posted Date: May 18, 2024 12:18 PM

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Megahurtz International Car Rentals has rent-a-car outlets throughout the world. It keeps funds for transaction purposes in

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