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What is the value of its holdings

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Question - Megahurtz International Car Rentals has rent-a-car outlets throughout the world. It keeps funds for transaction purposes in many foreign currencies. Assume that in 20XX it held 250,000 reals in Brazil worth $180,000. It earned 13 percent interest, but the real declined 26 percent against the dollar.

Required -

a. What is the value of its holdings, based on Canadian dollars, at year-end?

b. What is the value of its holdings, based on Canadian dollars, at year-end if it earned 10 percent and the real went up by 14 percent against the dollar?

Reference no: EM132573531

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