Question: Seved hapter 7 Homework 2 Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many foreign countries. Assume in
Seved hapter 7 Homework 2 Postal Express has outlets throughout the world. It also keeps funds for transactions purposes in many foreign countries. Assume in 2010 it held 370,000 reals in Brazil worth 300,000 dollars. It drew 11 percent Interest, but the Brazilian real declined 21 percent against the dollar 4. What is the value of its holdings, based on U.S. dollars, at year-end? (Do not round Intermediate calculations.) Soint Value of the holdings BOOK 10 Print b. What is the value of its holdings, based on US dollars, ot 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 Reforences
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