Question: Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 280,000

Postal Express has outlets throughout the world. It also keeps funds for

Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 280,000 reals in Brazil worth 210,000 dollars. I drew 9 percent interest, but the Brazilian real declined 18 percent against the dollar a. What is the value of its holdings, based on US dollars, at year-end? Note: Do not round intermediate calculations. Value of the holdings b. What is the value of its holdings, based on US dollars, at year end if instead it drew 6 percent interest and the real went up by 10 percent against the doller? Note: Do not round intermediete celculetions Value of the holdings

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