Continuously compounded growth rates On Thursday January 2nd, the NOK/USD exchange rate was 8.7919, and on Thursday

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Continuously compounded growth rates On Thursday January 2nd, the NOK/USD exchange rate was 8.7919, and on Thursday January 9th it was 8.8807. How much did the exchange rate change in percent? If you assume that there are exactly 52 weeks in a year.

What is the annualized rate of change (in percent)?

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Financial Reporting And Analysis

ISBN: 9781260247848

8th Edition

Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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Posted Date: Jul 08, 2023 03:10 AM

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Continuously compounded growth rates On Thursday January 2nd, the NOK/USD exchange rate was 8.7919, and on Thursday

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To calculate the change in exchange rate in percent we can use the formula Change in perce... View the full answer

Financial Reporting And Analysis

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