Question: I just need the answer, I don't need the process 17. An investor starts with 1 million and converts it to 694,500, which is then
17. An investor starts with 1 million and converts it to 694,500, which is then invested for one year. In a year the investor has 747,220, which she then converts back to euros at an exchange rate of 0.68 pounds per euro. The annual euro rate of return carned was A) 9.89 percent B) 4.77 percent C) 10.52 percent D) 8.26 percent E) none of above 18. A 180 -day $3.2 million CD has a 4.33 percent annual rate quote. If you buy the CD, how much will you collect in 180 days? A) $3,880,940 B) $3,269,280 C) $3,062,877 D) $3,266,880 E) none of above 19. An investor is in the 27 percent federal tax bracket and pays a 8 percent state tax rate and 4 percent in local income taxes. For this investor, a municipal bond paying 7 percent interest is equivalent to a corporate bond paying interest. A) 11.48 percent B) 10.17 percent C) 7.08 percent D) 7.35 percent E) none of above 20. At the beginning of the year the exchange rate between the Brazilian real and the U.S. dollar was 2.2 reals per dollar. Over the year, Brazilian inflation was 12 percent and U.S. inflation was 4 percent. If purchasing power parity holds, at year-end the exchange rate should be approximately dollars per real. A) 2.3913 B) 0.4895 C) 2.8498 D) 0.4182 E) none of above
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
