Question: Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 440,000 reals
Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 440,000 reals in Brazil worth 370,000 dollars. It drew 11 percent interest, but the Brazilian real declined 21 percent against the dollar 6. What is the value of its holdings, based on US dollars, at year-end? (Do not round intermediate calculations.) Value of the holdings b. What is the value of its holdings, based on U.S. dollars at year-end instead it drew 8 percent interest and the real went up by 12 percent against the dollar? (Do not round intermediate calculations.) Value of the holdings
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