An investor in the U.S. owns some shares of a European company that was worth 10,000 euros,

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An investor in the U.S. owns some shares of a European company that was worth 10,000 euros, and wants to sell them. The euro/U.S. dollar exchange rate is currently 0.925884, meaning that 1 dollar buys 0.925884 euros. How many U.S. dollars will the investor receive?

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Related Book For  answer-question

Fundamentals Of Investing

ISBN: 9780135175217

14th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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