Suppose a Venezuelan, prior to the hyperinflation of 2019, had a cash holding equivalent to $100 million.

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Suppose a Venezuelan, prior to the hyperinflation of 2019, had a cash holding equivalent to $100 million. At the end of the year, with inflation at 1,000,000,000% per year.

This amount of cash would have been worth?

Related Book For answer-question

Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Jun 10, 2023 01:44 AM

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Suppose a Venezuelan, prior to the hyperinflation of 2019, had a cash holding equivalent to $100 million.

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With an inflation rate of 1000000000 per year the value of ... View the full answer

Fundamentals Of Corporate Finance

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